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Updated over 10 years ago on . Most recent reply

User Stats

61
Posts
5
Votes

Realtor says he can't do CMA's ( comparative market analysis) on property!

Michael DuVentre
Posted

Hey I'm Mike and I'm a newbie!

I am determined to be a wholesaler! I have recently connected with a realtor that has agreed to do my cma's. I gave her the property address off an abandoned house and she said she would give me the cma on it sometime this week. Well she just called me and told me that she can only do cma's on properties that are on the market. She said if the home isn't on the market currently than she wouldn't be able to do one.

WHAT DO I DO NOW?!? How can I get a cma on the home then?!?

Most Popular Reply

User Stats

90
Posts
41
Votes
Michael Beinetti
  • Investor
  • Rochester, NY
41
Votes |
90
Posts
Michael Beinetti
  • Investor
  • Rochester, NY
Replied

Find a new Realtor to work with...the CMA is used as a tool to create a market price opinion on properties getting ready to go on the market as well as many other scenarios.

The CMA can be done on ANY property at ANY time. Some properties are more challenging than others depending on location and availability of other similar properties and trends/statistics etc. There are many variable factors that go into the analysis, but it can be done on all properties.

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