Can I change the search radius?
Yes. On the Comps page, click the Funnel icon (upper right) to adjust Search radius & distance. Or to draw your own boundaries, click the Polygon Tool icon at the top left of the map. Place the cursor at your first boundary and click to place the first point. Then draw the boundary, clicking at each corner, once you’ve returned to the starting point, click it to close the boundary. CMAsnap will then refresh listings available within the boundary. To rerun the report based on your boundaries, click the Green Rerun button above the Map. You can also search by these parameters:
Getting Started Videos
Getting Started Tutorials (Short Videos) First Report with CMAsnap Create your first report with CMAsnap and take a tour of the dashboard. (4 min) Dashboard Part 1: Top Nav This video is Part 1 of a complete guide through the CMAsnap Dashboard. (2 min) Dashboard Part 2: Report Navigation In this video, you’ll learn how to navigate and access all the data that CMAsnap provides in real time. (5 min) How to Send A CMAsnap Report Share our short report, Clients can click into the comps, explore the data, and see everything dynamically. (1 min) Edit Template
Report FAQs
Can I change the search radius? Can I search by subdivision? How do I share a report? How do I change a comp? How can I remove a comp? Can I add my own comps? How do I add/remove columns in my comp selection table? Can I add a property that did not sell in the MLS? Can I use CMAsnap to adjust for unique neighborhood factors, like homes next to a golf community? When I click the email button, nothing is happening, or it tries to open some other email app? Nothing happens when I click “New Report.” How do I run a rental CMA in CMAsnap? Why is my report looking at rentals or leases? The location of my property is not correct, what do I do?
Prospecting & Lead Generation Video
Transcript: There’s two kinds. There’s outbound and inbound, okay? So outbound lead generation, then you have to believe in yourself. You have to believe in how you’re doing it. You have to believe in what you’re putting out there. And you have to recognize and own the fact that what you’re gonna be sending them has value, right? And then there’s inbound, right? Which, you know, listen, at some point, you know, everybody that knows you has already called you and told you that they wanna sell a house, right? But don’t kid yourself because, you know, inbound has more than one meaning. You still, even if they’re inbound leads, you still need to be prepared to have a conversation and be able to demonstrate that you know what you’re talking about, right? So in lead generation, you rely on the principle of reciprocity, right? Principle of reciprocity is, look, if you do something nice for someone, they’re gonna feel obligated. I used to call it the Christmas gift theory, right? You know, you invite someone to your Christmas party and they walk in the door and you hand them, in front of all these people, you hand them a big old Christmas gift and the first thing that they say, well, I didn’t get anything for you. Right, it’s ingrained in us. And so we rely on that bit of human instinct to be able to carry us forward and hopefully get some feedback, some positive feedback. All you’re looking to do is get positive feedback and get people to consider you, right? Then we rely on the principle of confidence, right? We’re gonna give you everything you need to know to be able to do an assessment on a market in a very, very short. of time. And really, you know what? When, you know, we’re supposed to be confident, there’s all kinds of trick rules against, you know, selling a property in an area that you’re unfamiliar with. It’s a recipe for disaster. And so what you can do here is you can demonstrate that you understand the market and that you have the training experience and skill level to be able to represent someone. And from that point, once you’ve established that you know what you’re talking about, then it comes down to whether or not they wanna do it. Right, personality choice. And there’s, you know, there’s limited things you can do about that, right? I had an instructor a long time ago who used to say that, you know, you show them everything that you know how to do, and then it comes down to whether or not they prefer their data delivered with a smile or a smirk, right? You wanna be warm and charming or do you wanna be kind of, you know, cynical and you start to get stoned? And then it’s the funnel, right? You fill the funnel and it weeds back down to you to actual dollars, right? So if you think about it, it’s just a marketing framework that helps, you know, figure out where people are in the buying decision. The thing is, is that if you fill the funnel, at the very least, it creates brand awareness, right? If they’ve never heard of you, they can’t consider you, and if they don’t consider you, they’re not gonna hire you. So look, what we do is we give stuff for free. In Legion and using CMA, we’re giving something valuable for free. And once they start to consider it, then you get an opportunity to be able to position yourself as the expert, right? You put down information that is legit, right? And it gives you talking points and it raises questions for them to ask you. And then when you get into those conversations, at some point, they’ll reveal their motivation. I’m moving next month or I’m moving in six months or boy, I always thought about having a house down here, but I’m not quite sure what the deal is. It’ll open up a lot of things that you can use to help be able to get them over the line and choose you as an agent, right? So where are you gonna get them, right? So in outbound marketing, the way that I look at things first, and I’ve gone through the mailers, I’ve gone through the postcards, I’ve sent the magnets, all of that stuff. And I got very little off of it. And it’s just like your shadow boxing, right? You’re sending all this crap out. You don’t wanna lie to someone’s birdcage, okay? But if you’ll reach out to the people that your customers are already doing business with and just offer them up some value of service, the tricky part is not to ask for anything in return, right? That’s the key to reciprocity is that you give someone something of value, but you don’t ask for anything in return and sooner or later, they’ll come back to you. So the people that I have always been after were like divorce attorneys. I know people that have made a ton of money talking to divorce attorneys. Man, send them a CMA. They use it to estimate property value when they’re talking about division of assets. State planners and probate attorneys, man, every day they’re trying to figure out how to divvy up grandma and grandpa. Both please. And then there’s law makers. They’re doing it all. Financial advisors, everyone does. Especially if you have a client that’s got a large portfolio is rental property, then yeah, man, they’re always gonna wanna know how things are coming together. Accountants, tax pros. There’s a guy in San Antonio that’s a subscriber and that guy runs like 600 reports a year and all he does is tax protest. He’s an attorney and he’s got wired in with a bunch of buddies down at the appraisal district and all he does is do
Top Tips – Short Videos, Big Takeaways!
Short Videos, big takeaways – learn how savvy agents use CMAsnap to close smarter. https://vimeo.com/1168548706?fl=tl&fe=echttps://vimeo.com/1168677254?fl=tl&fe=echttps://vimeo.com/1168692137?fl=tl&fe=ec An agent just like you shares how she picked up new clients in the grocery store and at open houses CMAsnap has become this agent’s go-to tool for negotiating contract prices with other agents. Use CMAsnap and get help advocating for your clients. Whether you’re trying to avoid a low appraisal or just want to be better prepared, this is a must-watch for listing agents who work closely with appraisers.
How do I handle concessions (sales and/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, provided below, whenever possible. Sales or Financing Concessions Source: Fannie Mae 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.
Comps and Adjustments – FAQ
How do I change a comp? How can I remove a comp? How is the adjusted sales price calculated? How do I input adjustments for upgrades? How are square footage adjustments calculated? How do I adjust for basement square footage? Can I add my own comps? How should I adjust for third-floor attic space? Can I substitute manual adjustments instead of using system-generated adjustments? How do I account for concessions (sales or financing) in CMAsnap? How do I add/remove columns in my comp selection table? Can I use CMAsnap to adjust for unique neighborhood factors, like homes next to a golf community? Does CMAsnap include off-market closed sales and FSBO data? The location of my property is not correct, what do I do?
Getting Started Resources and Helpful links
Live Weekly Zoom-inar Every Wednesday at 11:00 AM Eastern Time, join Tom Cunningham, CMAsnap CEO, for a live Getting Started session to make CMAsnap work for your business. Join here! Getting Started Tutorials (Short Videos) First Report with CMAsnap Create your first report with CMAsnap and take a tour of the dashboard. (4 min) Dashboard Part 1: Top Nav This video is Part 1 of a complete guide through the CMAsnap Dashboard. (2 min) Dashboard Part 2: Report Navigation In this video, you’ll learn how to navigate and access all the data that CMAsnap provides in real time. (5 min) How to Send A CMAsnap Report Share our short report, Clients can click into the comps, explore the data, and see everything dynamically. (1 min) Edit Template CMAsnap User Guide Step-by-step instructions (PDF Document) to set up your account and master the most powerful features.
Embedding CMAsnap with the Embed API
The CMAsnap Embed API lets you embed the CMAsnap CMA report creation tool directly into your website using an <iframe>. This is ideal for platforms looking to streamline CMA report creation for their users without navigating away from their current workflow. Getting Started To embed CMAsnap, insert the following iframe code into your page: <iframe id=”cmasnap-iframe” src=”https://app.cmasnap.com/new?embed=true” scrolling=”no” style=”width: 1px; min-width: 100%; border: 0; overflow: hidden; height: 500px”> </iframe> Optional Query Parameters You can add the following optional query parameters to the iframe URL: If a report is found using one of these values, it will load in the iframe. Otherwise, the search wizard opens with the value prefilled. Example: Load the Embed Script The embed script will help resize the iframe to prevent nested scrolling. You can load it and initialize it like so. <script src=”https://app.cmasnap.com/static/js/embed.js”></script> <script> const cmasnapInt = setInterval(() => { if (typeof CMAsnap !== ‘undefined’) { new CMAsnap(‘#cmasnap-iframe’); clearInterval(cmasnapInt); } }, 1000); </script> Full Example <iframe id=”cmasnap-iframe” src=”https://app.cmasnap.com/new?embed=true&mlsId=ABCD1234″ scrolling=”no” style=”width: 1px; min-width: 100%; border: 0; overflow: hidden; height: 500px”> </iframe> <script src=”https://app.cmasnap.com/static/js/embed.js”></script> <script> const cmasnapInt = setInterval(() => { if (typeof CMAsnap !== ‘undefined’) { new CMAsnap(‘#cmasnap-iframe’); clearInterval(cmasnapInt); } }, 1000); </script>