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3,291,824
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It is the best part of real estate because it lets the agents with experience shine who know how to place value on a home using the sales approach. Knowing how to search for, spot and choose the right comps applying the correct adjustments where needed. 

Nov 01, 2015 09:51 PM
Ambassador
1,560,995
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

I'm with Scott Godzyk on this one.  

Nov 01, 2015 10:11 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

No hard part here

 

Nov 23, 2016 10:37 PM
Rainmaker
1,620,237
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Often, there are just no comps available as many target communities are stabilzed and homeowners rarely sell.

Nov 02, 2015 12:20 AM
Rainmaker
861,218
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

The hardest part is that information in MLS listings may be outdated, incomplete or just plain wrong. Market analysis is truly one of the most difficult tasks we perform. A new agent recently asked me whether she should 'waste time' doing BPOs since they are involved and pay little. I told her that is great paid training and will sharpen those skills big time!

Nov 01, 2015 10:37 PM
Rainmaker
1,440,427
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

jacquelene rivers As Scott Godzyk stated, using the correct adjustments is the difficult part. The adjustments can make or break a CMA.

Nov 01, 2015 10:16 PM
Rainmaker
3,828,296
Richard Weeks
Dallas, TX
REALTOR®, Broker

Knowing the area the subject and comparable properties.

Nov 01, 2015 09:02 PM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You will not know the condition of the sold homes.  Sometimes there may not be comparable sales.

Nov 01, 2015 08:29 PM
Rainmaker
864,296
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

It is like so many tasks, if you know what you are doing, it is easy.

If you don't, the guessing does create uncertainty.

Because you limited the option to 'sales comparison'  a lack of comparable sales would seem the greatest issue.

Nov 01, 2015 08:09 PM
Rainmaker
530,085
Gary Coles (International Referrals)
Venture Realty International - Las Vegas, NV
Latin America Real Estate

Making certain that you have selected the best possible comparable properties.

Nov 01, 2015 07:56 PM
Rainmaker
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

knowing what the real condition is

Nov 01, 2015 07:05 PM
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Picking the correct and most accurate comps to use.

Jan 09, 2017 05:49 PM