Real Estate comps - Fundamental knowledge in coming up with real estate valuation, including Fair market value (as is value) and after repair value (ARV). For additional webinars: www.mlsdealfinder.com/education www.fastCMA.com www.mlsdealfinder.com

1. MLS Deal Finder
How to run comps

2. Come to Our Classes!
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3. MLS Deal Finder
How to run comps

4. • CMAs
• Automated Valuation
• First to Find Deals

5. ✓ CMAs
• Automated Valuation
• First to Find Deals

6. What is a CMA?
Comparative Market
Analysis

7. Terminology

8. • Subject Property
• Universe
• Comparables (Comps)

9. • Market Value
• After Repair Value (ARV)
• Fair Market Value (FMV)
• Repair Budget

10. •Profit = ARV - Purchase Price -
Rehab Cost - Misc Costs

11. Important
Parameters

12. • Distance
• Year Built
• Square Footage
• Subdivision

13. • Bed/Bath, Garage, Pool, etc.
• Sold Price
• Sold Date

14. CMA Creation

15. 1. Create Universe
A. Use similar homes nearby
B. Utilize important parameters:
Distance, square footage, year built,
Sold Date, etc.

16. 2. Select Comparables
A. Utilize important parameters
B. Location
C. Condition

17. Utilize Technology
Google Maps
Street View

18. Each CMA requires
~20 minutes

19. Every CMA is different.
Why?

20. • Geographic Area
• Geographic Location
• Size and Age
• Recency of Comps

21. Each CMA requires
~20 minutes

22. Real Estate Agents are
Experts in CMAs

23. Always
✓ Walk the house
✓ See the neighborhood

24. Repair Budget
• Partner with experienced person
• Learn it yourself

25. DEMO:
FastCMA

26. Technology =
Competitive Edge

27. steve@CMABROKER.com

28. Promo Code “DealFinder”
20% off first month
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30. Investment Classes:
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