Can I add a property that did not sell in the MLS as a comp?
Yes, but EXERCISE CAUTION! Appraisers require closing statements for verification and must show that a property has passed requirements for Arms Length and exposure to an Open Market. To add, click “Add Comp” on the Dashboard page, enter the address and select from the dropdown. Click “Search Tax Records”, then Create Report. You can then change the status and enter the sale details.
Is CMAsnap good for identifying property similarities and differences?
Yes! CMAsnap automatically measures and accounts for differences in static attributes like square footage, lot size, bathroom, year built etc. When running our search algorithms, the selection process also matches stories and pools based on Fannie Mae guidelines and allows manual selection of key factors for CMAs.
How is the adjusted sales price calculated?
On the Dashboard page, the adjusted sales price is the average of all adjusted values of the comps you’ve selected for pricing (indicated by the dollar sign icon).
Can I substitute manual adjustments instead of using system-generated adjustments?
Yes! CMAsnap provides suggested adjustments, but you can edit or add your own with a single click.
How are square footage adjustments calculated?
We calculate square footage adjustments by taking the difference in square footage between the subject property and the comparables (comps), multiplying that by the average price per square foot of the selected comps, and then applying a 30% adjustment factor. This methodology ensures consistency and accuracy across your reports
Can I use CMAsnap to adjust for unique neighborhood factors, like homes next to a golf community?
Yes! While CMAsnap provides automated adjustments based on static differences, your local expertise is crucial for selecting the most appropriate comparisons and adjustments. From the Dashboard, click the the plus/minus icon under the comp picture, then click Green Plus in the adjustments modal. CMAsnap provides a drop down list of additional adjustments; some are static, some are subjective, but you can edit, or Add. To add an adjustment not on the list, simply type it into the Description, click Create, enter the value and make it positive or negative as appropriate.
The location of my property is not correct, what do I do?
CMAsnap depends on Google street mapping data. Sometimes it’s wrong. There is an easy workaround for this using www.latlong.net. Watch this video for details. https://vimeo.com/1179910414/ff28e7429b?share=copy&fl=sv&fe=ci
What makes CMAsnap stand out from other CMA tools?
CMAsnap goes beyond automated estimates by combining speed and automation with your professional judgment. It handles the busywork but lets you fine-tune comps and make adjustments—so your CMAs reflect real market insight, not just an algorithm. Read about our technology and philosophy.
How do I cancel my trial?
We are sorry to see you go. Your account will automatically expire at the end of the free 30 day trail. You do not need to do anything to cancel your trial. You did not provide credit card details – so you will not be charged for anything.
What is the trial period for CMAsnap?
CMAsnap offers a free 30-day trial. We do NOT take any credit card information. At the end of 30 days you will subscribe or let your trial expire. You do not need to cancel.