Comparative market analysis (CMA)

Comparative market analysis (CMA): an estimate of the value of real estate using indicators taken from sales of comparable properties, such as price per square foot, combined with expert market commentary and information on the importance of marketing a home properly. A CMA is not the same as an appraisal report prepared by a licensed professional appraiser.

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Comments

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    Marice Bock

    Why is my CMA showing properties that I did not select and that do not match the criteria I set for my search?

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    Janine Sieja - Product Mgt

    Hi Marice. When you refer to "my CMA," are you referencing an RPR report such as the Seller's Report? Some of our reports contain a market activity section that show recent activity, not necessarily based on a search you may have run. We would be happy to look at your report or search to understand what you are seeing and why. Please feel free to supply more information or an example, or contact our Help Desk at 877-977-7576. Thanks!

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    Susan Barlow

    In doing a CMA I have pulled up comps from my MLS that were accurate comps, but when I double checked with RPR your website also included comps that were not god comps.  How do I use my own accurate comps on your website?  I do not want to use the comps that RPR supplies because they are not accurate.  Thanks.

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    Janine Sieja - Product Mgt

    Susan, have you tried adjusting the geography and some of the other parameters you're using in your comps search to see if you can find comps that better suit you? Some details on how to do so are in this article:

    http://support.narrpr.com/entries/22292048-How-do-I-find-good-comps-for-a-subject-property-

    Also, did you know that you can enter individual comps by adding them by address (instead of using the search function)? If you have already identified comps you want to use for your subject property, you can enter them one by one. 

    If you try these methods and still have concerns about the comps surfacing in RPR, you can contact our Help Desk (877-977-7576) for more assistance with the property or properties you're working on. We'll be happy to help.



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