Creating a CMA

REALTORS┬« approach the CMA process in a number of different ways. They use various software tools and assemble findings in anything from plain reports to impressive presentations filled with photos and jazzy graphics. The real value of the CMA, however, isn’t in the packaging (although a great looking report is almost sure to help you communicate your findings more clearly). In my opinion, the real magic of the CMA process is that, by gathering the data and making the comparisons, you develop your marketplace knowledge and your conviction and belief in your pricing recommendation. That knowledge and certainty translates to client confidence and wise decision-making.To prepare a CMA, follow this series of steps:o Choose your CMA software tools. Most MLS systems offer CMA software for use by agents. They also offer classes. I suggest you take advantage of any of courses that help you gain familiarity and skill with the programs.The software available through most MLS offices usually results in a basic CMA template. Your real estate company may provide software that results in a fancier presentation; if that’s the case, ask your broker or broker manager whether the company offers training. If so, definitely take advantage of it. Also, consult with a few other agents to learn what software they use to produce their CMA reports.o Develop your data-gathering system. Whether you decide to use MLS-provided software, company-provided software, or some other software tool, the outcome of your CMA really depends on the data you put into it.Follow these steps to create an information-development system that you can use over and over again each time you analyze the market conditions for a new property:1. Search for recently sold properties that are similar to the one you’re selling in terms of square footage, number of bedrooms and bathrooms, and garage size. In real estate lingo, these homes are called comps, short for comparable properties.You don’t have to find homes that identically match the offerings of the home you’re pricing. What you want to find are homes that bracket your offering by falling within a reasonable range of the home in terms of square footage and number of rooms. Once you have a number of comparable homes to review, you can then tighten the range and reduce the number of comps that meet your predetermined criteria.When I was preparing CMAs and needed to pare a number of properties under review, I’d tighten the range requirement by adding search fields. For instance, I’d add a screen for comparable homes in a certain school district, or even within the boundaries of a specific grade school. In some areas of North America, being within the boundaries of a certain grade school or middle school can significantly influence the value of a property, and therefore, I would often use grade school as a way to achieve an accurate CMA.If the home you’re selling has a particularly distinctive attribute, such as a very large yard or even acreage, add that feature to your search criteria in order to find comparable properties for analysis.2. Narrow your review down to 15 to 20 comparable homes and evaluate each property by comparing its features with those of the seller’s property. Make a list of similarities and differences3. Estimate the value of the seller’s home by comparing its features to each comparable home under review, applying pricing credits or debits based on the differences you discover. For instance, if a comparable property has one more bathroom than the home you’re selling but is otherwise comparable, debit the value of that bedroom from the comparable home’s sale price to arrive at a likely value of the house you’re selling.4. After completing a review and assessment of your seller’s home against the prices of recently sold homes, repeat the same process as you review comparable pending sales, active listings, and expired listings.Expired listings will likely comprise the smallest group of properties you review, but take special care to study each and every one. First, take time to see if the expired listing also appears on your list of recently sold, pending, or active listings. Frequently, you’ll find that a listing that expired under one agent or at one price was later picked up, re-priced, and re-offered by another agent. The difference between the selling price at which it became an expired listing and the price it is now listed or at which it finally sold provides a very clear indication of the home’s actual current market value versus the price that was deemed by buyers to be too high to accept.5. Once you’ve made a list of comparable homes – including recently sold homes, pending sales, active listings, and expired listings – select the best, most comparable four to six from each category for study, evaluation, and inclusion in the CMA report you will present to the seller. Your final selections should be very similar to the seller’s property, with differences reflected by reasonable credits and debits.6. Print out a complete listing for each of the properties you’ve selected as comparable to your seller’s home. You might not show each and every one to the seller, but you need them at the appointment in case you need further ammo to prove your point.From start to finish, expect the creation of a CMA to take you somewhere between a half hour and several hours, depending on your market area and the kind of property you’re selling.For example, say you’re listing a home in a production builder development where hundreds or even thousands of homes have been built, all featuring one of only six different floor plans. If your seller’s home is the “magnolia” plan, guess what? It’s going to end up with a price comparable to the price of every other magnolia home on the market or recently sold, regardless of differences in finish work, fixtures, carpet, tile, and landscaping. The magnolia plan will only sell for so much even if it has gold floors and gold toilets!In technical jargon, neighborhoods filled with similarly designed homes by the same builder are described as very homogenous. If you are selling homogenous properties, you can conduct straightforward, easy-to-execute CMAs in almost no time at all. But when you’re listing a unique property with no obvious equivalent in the marketplace, plan to invest several hours assembling a good-length list of comparables and then conducting follow-up analysis to arrive at an accurate pricing recommendation.

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Make Money Online With Paid Surveys – How to Increase Survey Invitations and Get Paid More

A lot of people take online paid surveys to make extra money. And it is one of best part time job for teens. Anyone who has a computer and an internet connection can make money with online paid survey sites. And normally it is not stressful like any other work.For each typical survey people get $1 to $10. And it takes 5 to 10 minuets to complete. So it will worth for you time.Now, if you get more survey invitations than you will earn more money. But people do not make efforts to know how to increase survey invitations. Think if you have more survey to take and complete than you will have more money.So, how will you increase your survey invitations? Here are 4 tips:# 1. Join More Survey Panels: – There are a few hundred survey panels on internet and if you join more panels than you will increase your chance to get more survey invitations as well as money. Join at least 150 legitimate panels.# 2. Complete Your Portfolio: – When you join legitimate paid survey panels, they will ask you to complete your portfolio on their database. They ask some basic questions about you. They ask your address, education, location, number of your family members, your hobby and interests and many other things. You have to complete these in order to get more survey invitations. Whenever those panels have any survey which matches with your portfolio, you will be invited to complete it. So, if you do not complete your portfolio you will lose a lot of survey invitations.# 3. Update Your Profile surveys: – As I have mentioned that you have to fill up some questionnaires form after joining any survey panel. So, once you have completed these, you should update these monthly. For an example, if you buy an Apple Ipod, you should add this in your profile surveys.# 4. Take Surveys Daily: – If you check your email daily and take each offered surveys to fill up, you will get more survey invitations. It is simple. Those panels offer more surveys to their dedicated members. So, you should check your email daily.Making money online is not hard if you join online legitimate paid survey panels. And your work is just sharing your opinions and filling online form. You have never ever seen such an easy task like this. It is the best money making program for teens.

Basic Differences Between Secured and Unsecured Loans

Consumers can enjoy various types of loans that are available these days. You will also find various providers showing you ways to get the money that you need. Also, when it comes to repayment of the money that you borrow, there are also a couple of options that are open before you. However, the loan provider is always ready to tell you how you have to repay it. One can mainly categorize a loan into two major sections known as, secured and unsecured. With so many different types of offers available in the market, it becomes difficult to compare and select the best deal. However, the consumer must make his or her own research work and then should pick up a loan offer that is suitable enough.One can opt for a secured or an unsecured loan based on their features offered by the banks. The secured loan can be considered as a loan which is secured against consumer’s available asset. In this case, mostly the asset is the home. So, mostly it is the homeowners who can avail the benefits of a secured loan. While a personal loan can be considered as an unsecured loan which is normally taken for a small amount of money and would be paid in a shorter period of time. One must consider various factors while comparing the rates involved in a secured or an unsecured loan facility.In a secured loan, one can enjoy the benefits of lower monthly repayment compared to an unsecured loan. In a secured loan, the lender can easily offer lower rate of interest because the loan is provided against the asset. Your borrowing power is higher with a secured loan than with an unsecured loan. Also, a secured loan is suitable for people who have a bad credit rating. While comparing, one must note that the repayment periods along with the interest rates on loans can vary depending on whether you take out a secured or unsecured loan. It also depends as to which lender you have approach for the loan. Secured loans are available for a longer duration as a result of which the monthly repayments are lowered since the debt period is stretched for a larger number of years. Hence, in a secured loan, one can enjoy a lower repayments of the loan compared to an unsecured loan. The loans take longer to process compared to unsecured loans because there is a lot of additional information that has to be furnished such as a property valuations and proof of home ownership. If you are a home owner, you can still get a secured loan even if you have a bad credit rating. The lender is in a position to provide you with a competitive bad credit loan since you have a house/property to secure against your loan. But it is impossible to get an unsecured loan if you have a bad credit history.These days, you can just go online and compare different rates that are available for loans. You have secured loans meant for homeowners and personal unsecured loans that are made available to those who live in rented homes and need to raise money for many purposes. Loans designed for various purposes are easily available and thus you could wipe off your existing credits. While considering a loan, you must be aware of other charges that would be added along with you interest. Important factors such as easily redemption penalties and arrangement fees should not be ignored before you truly consider and sign your loan agreement copy. In other words, if you have taken a loan and after few months, you decide to pay the entire money back before the loan completion date, in such a case, you may be forced to pay an early redemption penalty. So you must read all the terms and conditions carefully before you go for any type of a loan.