MLSSAZ: Comparative Market Analysis (CMA) in Flexmls

Transcription

1 MLSSAZ: Comparative Market Analysis (CMA) in Flexmls Using the search feature, create specific criteria for comparison of properties Use the closed sale option to determine actual properties in a specific are and the selling price based on specific criteria. Use the mapping feature to select properties to compare in a specific geographic area. Ideas on when to use the Full CMA and when to use the Quick CMA. Class Objectives MLSSAZ Technical Support Team * (520) * TechSupport@MLSSAZ.com

2 Three Types of CMA s One line Quick 2

3 Three Types of CMA s Full Subject Property Information will appear on the far left on each comparison table 3

4 BEGIN AND COMPLETE THE SEARCH If comparing a listing, have the listing open that you would like to compare: Quick search with address or MLS: Use the icon to create a tab of the Detail information This icon will open a new tab Note: If the property has never been listed within MLSSAZ you will use the CRS Tax Suite verify with seller 4

5 THE SEARCH Narrow your search first and determine locations you will add specific features of the home later. Subdivision Using the Smart Bar type in the Subdivision and choose from the side menu. To choose more than one first click on the first subdivision, then hold down the Shift key on your keyboard and then select the last one. Hit the Enter key to have them populate in your search. Community Communities consist of multiple phases of a subdivision. This will help you include all of the phases of a community without having to select each subdivision individually. By zip code with the Map Choice is the zip. Choosing the cross streets of E. Synder Rd and N. Soldier Trail these are the homes to review in list There were 9 and 4 were under 600,000K so maybe options for the comparison 5

6 SAVE AS A SEARCH Select the properties you would like to compare Save search for future reference and view Above the listings on the right hand side select CMA 6

7 One-Line CMA: This can be printed or ed. It is a designed for a quick look at the selected properties. Please ensure the Vacancy column is not displayed publically. 7

8 Full CMA Includes options for a cover page, subject property information, comparable properties, value adjustments, a summary and recommendation. Quick CMA Quick CMA bypasses the cover page, subject information, and value adjustments. It provides quick access to a side-by-side comparison of listings, a price analysis summary and statistics. Compare results from a search in an easy to read PDF format, comparing either all of your results or selected results divided by listing status. CMA Type Choose between the Full and Quick Cover Page Subject Comps Adjustments Summary Recommendation Finish Create a professional customized cover page for you clients CMA. Enter in your subject property information or pull information from an existing listing. Use selected properties to assist you in obtaining a properly priced subject property. Make changes to comparable properties price based on customized adjustment amounts. Displays the price analysis based on the subject property and adjustments made. A high, recommended and low price based on the information entered. Print, and Save the completed CMA, choose which pages you want to include and customize with color options. 8

9 QUICK CMA The Quick CMA will create a side-by-side comparison of the selected listings, a price analysis summary and other statistics. This type of CMA can be created by any set of properties, for buyers and sellers. Specifically used when you have no address or MLS number. Click on the Quick CMA, select the Statistical Average field (pre-set to Combined SQ. Ft.) Click Next The Quick CMA will skip to the Finish page, basic display options are chosen. , Save, View, Print or create a PDF. Most agents chose to include the Map click the icon Public or Private Choice 9

10 QUICK CMA 10

11 The Full CMA Title For As of By Comments Pre-populated as Comparable Market Analysis change at your discretion. Enter in your clients name or the property. Do not put the subject property address. Current date will default but if you aren t planning on meeting with your clients for a few days use the Always use Current Date option. Choose how your name will appear either standard or include your signature card. Add any comments you like such as a slogan, or an analysis of your proposal. 11

12 Subject Manually enter in the Subject property or choose the Auto-Populate Fields from existing listing (This requires an MLS#). The MLS number was input into Listing Number and all fields populated 12

13 The standard comparable fields populate, follow the steps below to add, remove or reorganize these fields. New Item Click on the New Item button to add an additional criteria field, then click on the magnifying glass to obtain the list of comparable fields, choose the field then complete the Description section with the subject property information. Remove Click on the red X to remove the Reorganize Click on the double arrow to move up or down a field. 13

14 Adjustments The adjustments section will give you the opportunity to add value based on features of the subject property against those of the comparables. Please note the following: 1. This material only covers the manual adjustment process, the auto-adjusting feature does not automatically create price adjustments for each field. Please contact MLSSAZ technical support for more information about auto-adjustments. 2. Please refer to your broker for more information about how to obtain the adjustment prices for each property feature. Summary View the price analysis on each property broken down by status, price comparisons and an overall market analysis. Recommendations Flexmls will generate listing price recommendations for your subject property, choose from the recommendation options to update the price. This page does not have to display for printing, ing or saving to remove this page uncheck the Recommendation page within the Finish tab. 14

15 Finish The Full CMA will populate most of the CMA pages to print, make additional selections or remove pages you don t need. After making a change click on the View button to view the pages that you can , Print, Save or create a PDF. Take time to discover the options for what to include. View the CMA before printing, the Subject Property picture will populate (if it has been entered into Flexmls previously) on the coversheet along with your clients information and your signature card. 15

16 The Full CMA 16

17 The Full CMA 17

18 ONE-LINE CMA You can find the One-Line CMA in the function buttons when viewing any listings. Please note this is a private report, a public version is not available at this Use either All-Results or Selected properties. Note: If you select any properties only the selected properties will display in the One-Line report. Uncheck all properties if you want all of the results to display. 18

19 You will choose the Main Menu You will then choose CMA located under Search Your saved CMAs will appear and you will highlight the one you want to review Choose View or the command you would like 19

20 HELP: Contact MLSSAZ Technical Support Monday-Thursday from 8am to 5pm Friday from 9 am to 5 pm (520) We are happy to help you! 20