How do I set up my profile for sending listings to clients?
How do I subscribe to CMAsnap after the Trial Period?
Here is a quick video (<2min) on how to subscribe Once your trial is expired, you will need to subscribe to log in. There is a green button in the upper right corner of your window. Click that and you will see your options (monthly, annual, rentals upgrade…) NOTE: Based on your MLS, you may see a different price than in this video.
How do I upgrade my subscription to get 2 months free?
Login to your CMAsnap Under your account name to the upper right click the email then select billing. There you will see an “update subscription” option to click. The next page will show you a monthly / yearly choice. Select yearly and follow the remaining instructions,
Give the gift of 10% off
Enjoying CMAsnap and want to share the love? From the CMAsnap dashboard go into your account, by clicking on your email in the upper right corner. There you will find a link to Referral which provides a code you can share with anyone at anytime. If they use this code, after their 30 day free trial, they will receive 10% off a subsciption.
How do I change my login email address?
To change your login please email address, send an email to support@cmasnap.com. Include your current login email and the login email you would like to change to. We are typically able to make this change within 48 business hours.
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 do I account for concessions (sales or financing) in CMAsnap?
Go into your Property Dashboard, within each comp (under the picture) is a +/- icon, click that. When the pop up screen opens, click the Green + button, then click into the description and a dropdown will appear, scroll down to seller concessions, enter the value – MAKE IT A NEGATIVE. Click submit. CMAsnap follows the appraisal and underwriting guidelines outlined below as closely as possible, Source – Fannie Mae Selling Guide Comparable sales that include sales or financing concessions must be adjusted to reflect the impact, if any, on the sales price of the comparables based on the market at the time of sale. For information related to sales or financing concessions for the subject transaction, see B3-4.1-02, Interested Party Contributions (IPCs). Examples of sales or financing concessions include: The dollar amount of sales or financing concessions paid by the seller must be reported for the comparable sales if the information is reasonably available (see UAD Appendix D: Field–Specific Standardization Requirements, for data entry instructions). Sales or financing data should be obtained from parties associated with the comparable transaction, such as the broker, buyer or seller, or a reliable data source. If information is not available because of legal restrictions or other disclosure-related problems, the appraiser must explain why the information is not available. If the appraisal report does not provide enough space to discuss this information, the appraiser must make an adjustment for the concessions on the form and include an explanation in an addendum to the appraisal report. The amount of the negative dollar adjustment for each comparable with sales or financing concessions should be equal to any increase in the purchase price of the comparable that the appraiser determines to be attributable to the concessions. The need to make negative dollar adjustments for sales or financing concessions and the amount of the adjustments to the comparable sales is not based on how typical the concessions might be for a segment of the market area. Large sales or financing concessions can be relatively typical in a particular segment of the market and still result in sale prices that reflect more than the value of the real estate. Adjustments based on dollar-for-dollar deductions that are equal to the cost of the concessions to the seller, as a strict cash equivalency approach would dictate, are not appropriate. Fannie Mae recognizes that the effect of sales or financing concessions on sales prices can vary with the amount of the concessions and differences in various markets. Adjustments must reflect the difference between what the comparables actually sold for with the sales or financing concessions and what they would have sold for without the concessions so that the dollar amount of the adjustments will approximate the reaction of the market to the concessions. If the appraiser’s analysis determines that the market’s reaction is the full amount of the financing concession, a dollar-for-dollar adjustment is acceptable. Positive adjustments for sales or financing concessions are not acceptable. For example, if local common practice or law results in virtually all of the property sellers in the market area paying a 1% loan origination fee for the purchaser, and a property seller in that market did not pay any loan fees or concessions for the purchaser, the sale would be considered as a cash equivalent sale in that market. The appraiser must recognize comparable sales that sold for all cash or with cash equivalent financing and use them as comparable sales if they are the best indicators of value for the subject property. Such sales also can be useful to the appraiser in determining those costs that are normally paid by sellers as the result of common practice or law in the market area.
The location of my property is not correct, what do I do?
CMAsnap depends on Google street mappnig data. Sometimes it’s wrong. There is an easy workaround for this using www.latlong.net. Watch this video for details.
How do I add/remove columns in my comp selection table?
From the COMPS page, on top right there are a few icons, the last one to the right looks like a little book, it is the COLUMNS icon. Click that and it will open the Column CARDS. You can sort, move, add or delete columns from here. Click the icon again to close it.
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.