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10-14-2011, 10:10 AM #1
Renter
- Join Date
- Oct 2011
- Posts
- 1
What is best approach regarding CMAs?
I am doing my 1st CMA. What is the best approach to coming up with a fair value. I've been told to add and subtract amenities and square footage to make it comparable to the listing property. Then I've read that such an approach doesn't have value because it doesn't take into account the work some people have put into their house which makes it show better regardless of it being the same "type" of house.
This is my 2nd month as a Realtor. Any thoughts on this would be appreciated.
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10-14-2011, 01:55 PM #2
Condominium
- Join Date
- Nov 2010
- Location
- London Ontario Canada
- Posts
- 177
Pricing a house for a CMA is more of an art than an exact science. You need to do the first step of comparing it to other homes that have sold in the area. Then you need to apply the art of other the other factors that will adjust a specific property up or down.
Suggest you complete your CMA then review it with your real estate broker prior to discussing it with your home sellers.
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