MLSSAZ: Comparative Market Analysis (CMA) in Flexmls Class Objectives Utilize property research tools to assist you in obtaining listing information. Use search results to create a CMA.. MLS Technical Support Team * (520)382-8800 * TechSupport@MLSSAZ.com Multiple Listing Service of Southern Arizona* 2445 N. Tucson Blvd. 1
BEGIN THE SEARCH: FIRST SEARCH IS WITH COMPARABLES PROVIDED 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 Note: If the property has never been listed within MLSSAZ you will use the CRS Tax Suite to obtain sq. ft., number 2
FINDING YOUR COMPS (FULL CMA) 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 85749 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 3
START YOUR FULL CMA Select the properties you would like to compare. Save as a collection for future reference and view Above the listings on the right hand side select CMA In the case you created a collection choose Use All Results. If you are working off a list with checked properties, chose Use Selected 4
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. Statistical CMA Provides a table of information broken down by listing status, with the option to include individual listing information in the form of a short display or view used in the search results screen. You may choose how to group the individual listings, whether to include totals, and whether to remove square foot statistics. One-Line CMA (Agent only view) 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 Cover Page Subject Comps Adjustments Summary Recommendation Finish Choose between the Full, Quick and Statistical CMAs. 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, Email and Save the completed CMA, choose which pages you want to include and customize with color options. 5
Title Pre-populated as Comparable Market Analysis change at your discretion. For As of By Comments 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. 6
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 7
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. 8
Comparables Your listings will appear in the Comps section, check off the listings you want to include. Use the Action buttons (right side) to remove, or re-sequence listings. The system will automatically sequence the listing by status then price. Adjusting the listings in a new order will only take affect within the applicable status of If you need more comparables find them using them by using one of the choices. The Non-MLS Comparables is used when you want to use a comparable property that has not been listed with Flexmls (for sale by owner). 9
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, emailing or saving to remove this page uncheck the Recommendation page within the Finish tab. 10
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 Email, 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. 11
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, sellers or for an open house. Open the saved search or the listing collection and go to the CMA button 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. Email, Save, View, Print or create a PDF. 12
QUICK CMA 13
STATISTICAL CMA Designed for buyers who are trying to determine if they are putting in an accurate offer on a property or obtain market information for a specific area. View the CMA before printing to verify that information is correctly entered and additional sections aren t required 14
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. To enlarge the font within this tab hold down the CTRL key and hit on plus symbol on your key board 15
CMA EDITING Draft CMAs There is now a new auto-save feature when creating CMAs. Regardless of whether you have saved a CMA or not, you can access your five most recent CMAs as Draft CMAs. Draft CMAs can be accessed by clicking CMA under the Search Tab. If you edit a Saved CMA and do not save the changes, the original CMA will remain in the Saved CMA section and a draft CMA will be created. The name of the draft will be Draft of (Saved CMA). HELP ME! Contact MLSSAZ Technical Support Monday-Thursday from 8am to 5pm Friday from 9 am to 5 pm (520) 382-8800 We are happy to help you! 16