The Importance of CMA Software in Real Estate
Get The Best Price With CMA Software
When you purchase a home, you want it to meet all you and your families need. Whether it be a huge backyard for the kids, or a huge basement for the hubby, shopping for a home can be a timely process. Real estate agents today have kept up with technology and created different kinds of real estate software to make purchasing your next home a bit easier.
In 2016, the homeownership rate in the United States was the lowest it has been in 50 years. Millennials and Gen Yers made up about 34% of home buyers in 2017, a number that’s only expected to rise. According to the National Association of Realtors, 56% of buyers 36 years old and younger found their homes online. When purchasing or selling a home, knowing the best price to list or pitch can help you stay within budget. According to the Census Bureau, the median sales price of new houses sold as of February 2018 was $326,800. The 10 most valuable metropolitan areas in the United States are worth 36%, $11.3 trillion, of the total U.S. housing stock. With so many numbers, locations and factors, consumers need a simplified way to view listings, prices, and sales reports. That’s where realtor CMA software comes in.
What Is CMA Software?
In 2016, the homeownership rate in the United States was the lowest it has been in 50 years. Millennials and Gen Yers made up about 34% of home buyers in 2017, a number that’s only expected to rise. According to the National Association of Realtors, 56% of buyers 36 years old and younger found their homes online. When purchasing or selling a home, knowing the best price to list or pitch can help you stay within budget. According to the Census Bureau, the median sales price of new houses sold as of February 2018 was $326,800. The 10 most valuable metropolitan areas in the United States are worth 36%, $11.3 trillion, of the total U.S. housing stock. With so many numbers, locations and factors, consumers need a simplified way to view listings, prices, and sales reports. That’s where realtor CMA software comes in.
What Is CMA Software?
A comparative market analysis is used to help evaluate your home against the competition. It takes a look at homes that are currently listed and those recently sold to find the highest price that will still make the home competitive on the market. CMA Comparative Market Analysis is an important tool to have as a real estate professional. It examines the prices of multiple properties in the same area that are listed or have recently sold. Real estate agents perform a comparative market analysis for clients to help them determine a listing price when selling a home or a price to offer when buying a home.
Realtor CMA software is real estate software that will make you look professional in front of clients and help you get the listings you want. CMA software will ensure that you have everything your client needs all in one simple, effective, and beautiful presentation. In just minutes, you can have a client-ready CMA reports in hand right on the spot.
These CMA tools include photos, reports, pricing and other information on your home and those in the area. A portrait of the home including information such as the number of bedrooms and baths, approximate square footage, size rooms, the age of the home, property taxes, and amenities such as fireplaces and pools.
Depending on the market the CMA will go back in time as long ago as a year or a month or week ago. The range can vary and CMAs can cover one or two streets surrounding your home or an entire subdivision.
A good way to determine if you’re agent has experience in the field is to ask them about realtor cam software. If they’re familiar with it, chances are they know a little about how it works and the benefit to you, the client. If they aren’t familiar with CMA tools, you could encounter a timely process, miscalculations or even missing forms. Keep realtor CMA software in mind when purchasing a house and consider real estate agents comfortable using it.
