how to do a real estate review
Post on 14-Apr-2017
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RealEstateReviewInstructions
Thisisoneofthemostdifficultsitestonavigate.Broughttoyoubyyourgovernment.;-)
Itisalsooneofthemostaccurateanduseful.Ihaveattemptedtodoastep-by-stepnarrativetohelpwalkthroughthesteps.MikeSelvaggioCRS,CCIMMasterNinjaInstructorMike@Selvaggio.com
Stepstocompletethereview:Gotowww.FHFA.gov1)GotoAboutUsinthemenu
2)ClickonData&Tools
3)ClickonReports
4)ClickonReportsCategory
5)ClickonHousingPriceIndex
6)ThenGotoHousingPriceIndexReport(Thelatestquarter,notamonthlyreport.)
7)AtthebottomclickontheAttachment
OncetheAttachmentisopenedgoto“NationalStatistics”.andlocateMonthlyHousingPriceIndexfortheUS(usuallypage10ofreport,butcouldbeslightlydifferent)thenprint
8)NextscrolldowntoStateStatisticsPrintthethreepageslabeledHousingPriceAppreciationbyState(usuallypage15,16,17) Manuallyhighlightthefollowingfourrows: TheBestState TheWorstState TheStateyouaredoingBusinessIn TheOverallUSRating
Besuretoprintthemapaswell.Thisisthesameinfoontheprevioustwopagesshowninpictureformat.Itisexcellentforthehigh-visualmodalityfolks.
NextgototheMetroAreasection,whichmaybearoundpage31.Scrollpastthesectionheadertothehighestandlowestmetroareas.Printbothpagestoshareifyourmarketisshown.Theseappeararoundpage36.Approximately271Metromarketsareshown.Highlightyours.
Nextgoto:City-Data.comsite
a)TargettheappropriateCountyfortheSubjectProperty.Justenteritontheopeningbox.
b)ScrolltothegraphforHomeSalesInCountyGraphCopytheimageandplaceinaworddocument,rightclickandpasteitintoablankWordpage.
c)DoitagainwiththeZipCodeoftheSubjectProperty.d)GotothegraphforHomesSalesintheZipCodeGraphCopytheimageandplaceinthesameworddocument)Bestifyoucanfitbothgraphsonthesamepage,topandbottom.YoucanalsodoyourCityifyouprefer.ThefollowinginstructionsarefortheregionalareaMLSintheDelawareareaknownasTREND.ThepurposeofthisportionofthereportisnotaCMA.Iftheydesireone,thatisagreatreasonforareturnvisit.Thepurposehereistogivethemasnapshotoftheirmarketarea;homessold,askingprice,saleprice,daysonmarket,etc.Offertodothiscompletereportforfamilyorfriends.LocalNeighborhooddata.TrendMLS.comsite(OrwhatevertheappropriateMLSsystemforthesubjectproperty.
A. Gotothewebsite,https://www.trendmls.com/Default.aspx,tologin.B. OnceloggedinusetheSEARCHfeaturelocatedintheupperleftcornertocreatea
dropdownmenutoselectfrom.C. ClickonRESIDENTIALunderLISTINGS.D. EnterallpertinentResidentialSearchCriteriafortheSubjectProperty.E. UndertheheadingSTATUS–DATESORDAYS,selectActive,PendingandSettled
alongwiththetimeframeoftheFHFA.comHousePriceIndexquarterlyreport,oroneyearbackfromtodaysdate.
F. FillinanyadditionalCriteriatohelpnarrowyoursearchthatmaymatchuptothesubjectproperty.
G. SelectRESULTSH. Inthecheckboxeslocatedtotheleft,SelectcomparablepropertiestotheSubject
Property.I. ClickontheSTATSbutton,selectTABULARforresultsthatwillgiveyouaSTATUS:
ACTIVE,aSTATUS:SETTLEDandaCombinedStatus,whichwillincludethestatisticsfortheneighborhoodby,OriginalListPrice,LastListPrice,CurrentPrice,DOM,PMP,RATIOClosePriceByOriginalListPrice,andRATIOClosePriceByLastListPrice.
J. Youcanalsorunmarketwatchreports,estimatedclosingcosts,andlotsmoreveryinterestingreports.LearnTrendandallitcando.Knowledgeis,wellyouknow!
Lastly:Consideraddingan“Art”piece.Hereisthelinktothesitethathasalmostsomethingforeveryone.http://styledstagedsold.blogs.realtor.org/2015/09/14/6-tips-for-planning-ahead-for-a-spring-bulb-garden/Hereisanincrediblefreelibraryofforbuyerandsellerhandouts.
http://realtormag.realtor.org/sales-and-marketing/handouts-for-customersDon’tforgetHouseLogic.com/members.ThisisownedbyNAR.YouwillneedyourNRDSnumbertologin.Dotwoormorereviewsaweekandyouwillbeamazedattheresults.Thanksforyourcommitmenttoyourcustomers,ourcompany,andyourself.
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