Wednesday, 14th of May 2008 at 07:52:51 PMTonight I started work on a CMA report in preparation for a home tour in the morning. One of the key feedbacks in today’s market is on price. Well when other agents come into my listing, I want them to have data to provide a basis for that feedback. So I’m preparing a CMA to show them. While at it, I’ll talk about my thoughts on CMA in the FlexMLS. The first thing I did was click my listing from the dashboard, bam, all of my listing are there for me to pick from. Then I picked the listing that I want to use for the target and clicked CMA at the top. Then I choose which CMA I want (Full, Quick, or Statistical), I went with Full. I enter in my cover sheet information:
Step 3: Enter Information on the Subject Property (which is real easy, just enter the MLS number and it will auto-populate for you): 
Then I can pick some comps, but I cheat, I let the system look for comps and I pick the ones I want: 
Step 5: Make adjustments to the comps, I’m experimenting so I enter some rules and let the auto adjust go to work for me: 
Step 6: Review the Summary: 
Step 7: Tweek the recommendation: 
Step 8: Create the report: 
And finally the finished product: cma-example
Overall, CMA is the part that I work way to hard on (others observations) I really like to feel like I am giving some quality information/data to help make a good decision. With the FlexMLS, I was originally over-whelmed and even stressed at all the options (knobs, buttons and options), I worry how each little thing effects the outcome. As I spend more time with it, the more I realize that i can create the rules and develop a strategy that will make my CMA both faster and more accurate for my clients. Instead of using a Spreadsheet and doing a lot of copy/pasting and printing, it can all be accomplished in FlexCMA. Another plus for FlexMLS, but be prepared the first time you use it, it will be a bit of work to understand and properly use.
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