1. Create a Custom Export template in RealComp
Under My RCO, then Settings, then Custom Exports click Add Export. Name it CMA Fields. Then add the same fields (and the same order) as are on the Template Excel Spreadsheet you will use for CMAs.
Unparsed Address
Subdivision Name
Parcel Number
School District
Architectural Level
Water Facilities
Waterfront Name
Water Frontage Feet
Year Built
Year Remodeled
Basement Type
Road Frontage Type
Out Buildings
Pool YN
CDOM
List Price
Original List Price
Ownership
Short Sale
Public Remarks
Close Date
Close Price
Seller Concession Amount
Acreage
Beds Total
Baths Full
Baths Half
Garage Size
Est Fin Lower Floor SqFt
Est Fin Abv Grd SqFt

2. Preparing Fast & Accurate CMAs (moderate to advanced Excel skills)
Rick Bailey
Bailey Realty & Investment Company

3. Comparative Market Analysis
Find Comparable Sales
Adjust comparable to look like subject property
Sq.Ft adjustment:
(Subject Sq.Ft – Comp Sq.Ft) * Unit Price for Sq.Ft
Comp $ = Comp SalePrice + all adjustments

4. Benefits of Preparing CMA before offer
Working with Seller
Shows knowledge of their market
Provide framework to have seller tell you what their home is worth
Working with Buyer
Have prelim CMAs available for each showing
Buyer has value reference points besides the Asking Price
Shows knowledge of their (potential) market

5. Process Open Excel template; Save As !!!!!!!! Open RCO3
Export subject property info (old listings) or manually enter
Set criteria for comparables (subdivision, size, style, age, …)
Export comparables
Export pendings
Export actives
Copy supply / demand data (solds, pendings, actives)
Adjust spreadsheet
10 minutes later . . .