Nothing happens when I click “New Report.”
There are 2 reasons this might happen. 1) You may not have “authorized your MLS”. Check out this video on how to do that. (NOTE: If your MLS is not listed, then we have not worked with it yet. Shoot us an email at support@cmasnap.com along with the name and contact info of someone that runs your MLS. We can look into it.) 2) If your trial has ended, you must subscribe to continue using reports. Click “Subscribe Now” to activate your account. Here’s a video
How do I run a rental CMA in CMAsnap?
During your trial period, you will have access to both Residential and Rental versions of CMAsnap. However, they are separate products. You may purchase either one as a stand alone subscription or run them together to effortlessly master both residential home sales and the lucrative lease market. If you started a report and need to switch from a lease to a home purchase (or vice versa), you can easily change the property type within the New Report generator. To Switch your report type or run a rental CMA:
Why is my report looking at rentals or leases?
If your CMA report is showing rental data instead of home sales, your property type selector is likely set to “Rental.” You can quickly switch your report back to a standard home purchase or residential view right from the New Report generator. To switch from a lease/rental to a residential home report (or vice versa): Start a new report. As you enter the address or MLS#, look for the selection box to the left of the input field. This box typically defaults to Residential (for a standard home purchase). If you want to switch and run a Rental/Lease report instead, simply click the box and select Rental. NOTE: Residential and Rental versions of CMAsnap are separate products. You may purchase either one as a stand alone subscription or run them together to effortlessly master both residential home sales and the lucrative lease market.
Can I search by subdivision?
Yes, by using our polygon tool you can isolate the neighborhood you are looking for, then rerun the report within polygon. 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 filter by neighborhood using the search box above the sold date in the property table.
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:
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.
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 send a report to a client?
https://player.vimeo.com/video/1169758893?h=67a7bf2b95 CMAsnap is deliverable in two different reports. You can share a report by printing it or sending a link via email or text. We have a three-pager, we call the Short Report. It’s got all the analytics in it. When you send via a link or an email, the client can click into it and see everything. It’s all dynamic and best for digital delivery (by email or text). You can also download, or embed them into a listing page website. If you print the report – you will be limited on which pictures you can see. The Long report, has more style. they are great for open houses, and they’re a great conversation starter. The only difference really is that they’ve got a detailed page on all of the comps, along with the other analytics. Pro Tip: Not ready to reveal your Listing Price Recommendation? You can remove the list price from your report before you send it to your client. Select Short or Long Report in your Property navigation and choose Edit in the grey bar. You will get a pop-up window that allows you to add comments and/or you can use the green toggle button to show or hide the recommended Sales Price. You can see below how it blurs out the sales price in your report. This works in the short or long report.
General FAQs
What makes CMAsnap stand out from other CMA tools? Is CMAsnap good for identifying property similarities and differences? Can I use CMAsnap on my phone? What is the trial period for CMAsnap? Which MLS Datasets are supported? Why is my MLS not listed? I didn’t get my email verification, what do i do? I didn’t receive my authorization code. I’m having trouble getting verified at an MLS dataset Nothing happens when I click “New Report.” How do I set up my profile for sending listings to clients? How do I subscribe to CMAsnap after the Trial Period? How do I upgrade my subscription to get 2 months free? Give the gift of 10% off How do I change my login email address? How do I cancel my trial? How much does CMAsnap cost? How do I use “referrals” in my account? Edit Template
How to Use CMAsnap for Prospecting & Lead Generation
Turn CMAs into conversation starters and generate new listing opportunities. CMAs aren’t just for pricing—they’re powerful prospecting tools. In this final session of the CMA Mastery Series, learn how to use CMAsnap® to generate leads, start meaningful conversations with homeowners, and position yourself as the local expert. We’ll show you how to identify potential sellers, create compelling CMAs that open doors, and follow up with purpose. From farming neighborhoods to nurturing your sphere of influence, CMAsnap® makes it easy to provide value and stay top-of-mind with future clients Why You Should Watch:If you want more listings, you need more conversations—and this class shows you how to spark them. Walk away with a repeatable system for using CMAsnap® to attract new business and grow your pipeline with ease https://vimeo.com/1169727469/38f46cbb5c?share=copy&fl=sv&fe=ci