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CMA ADJUSTMENTS

When a house is in a neighborhood, a CMA is pretty cookie-cutter and easy. However, rural properties can be quite difficult. Always feel free to ask for help! Here are some quick guidelines for completing a CMA. 

1. Sign Onto MLS Listings Matrix, then click on ‘Search’ at the top of the page. This will take you to another page where you can select the type of search (based on Property Class) that you want to run. 

2. Fill in your Search criteria to get a list of comps. Essentially, you want to put in criteria will get you comparable properties. 

3. Click the “Results” button at the bottom of the page. This will take you to a list of Search Results. 

4. Select the results that you want to include in your Quick CMA. 

5. After you have made your selections, click the Quick CMA button at the bottom of the screen.

6. A separate window will appear and generate the Quick CMA report as a PDF document. From there you can either Print the report, or Save it as a PDF file to your computer.

CLICK HERE FOR STEP BY STEP CMA VIDEO

ADJUSTMENTS CONDITIONS 

5% TO 10% but never over 10% 

Except in a “REPO” 

If there are more than 10% in adjustments 

It will effect the bottom line adjustments 

Stay under 20% in difference in Sales Price for example do not compare one home that sold for $100,000 to a home that sold for $150,000 underwriting will not accept the difference. 

AGE DIFFERENCE 

Not more than 5 years difference in age on newer homes 

And up to 10 years difference in older homes 

SIZE 

Try to stay within 300 sq. ft. up or down 

BEDROOMS 

Typically, after 3 bedrooms there is no need to make adjustments because 

 that is in the sq. ft. If you have a 2 bedroom, try to find comps with 2 bedrooms, etc. If you can’t find comps with similar bedrooms and go from a 1 to a 3 or a 2 to a 4, adjust no more than $5000 to $7500 

BATHROOMS 

$2000-$3000 for an extra half bath. $4000-$5000 for an extra full bath 

CONSTRUCTION 

Brick vs Wood $2000 to $4000 

CENTRAL HEAT/AIR 

$3000 to $5000 

WINDOWS 

Storm/Thermopane vs Wood or Single Pane $1500 to $2500 

FIREPLACES 

Freestanding  $500 to $700 Brick $1500 to $2500 

CMA Adjustments 

Page 2 of 2 ACR – Ann Carr Realtors® 

DECK/PATIO 

Covered $1500 to $2000 Open $1000 depends on size 

FENCES 

Depends on size $1500 to $2500 chain linked/wood/metal 

SPRINKLER SYSTEM 

$1500 – $2500 

APPLIANCES 

$300 stove/range/oven/dishwasher $100 microwave & disposal ( I try not to adjust appliances) 

GARAGES 

$7500 per bay. $1500-$3000 for carports 

POOL 

$15000-$20000 for average. 30%-50% of cost up to $35000 for nicer. 

STORAGE BUILDING 

If it has a concrete floor and not on skids $500 to $1000 

Try to find comps that match your subject in area, size, type of construction, age, number of 

bedrooms, and condition. ADJUSTMENTS ARE MADE TO COMPS, NOT THE SUBJECT. 

If the comp is inferior to the subject, make a positive adjustment to equalize them. If the comp is 

superior, make a negative adjustment. Try to compare apples to apples. No more than 5 year 

age difference in newer homes, and 10 years in older homes. Try to stay within 300 square feet. 

On Abilene properties use comps no more than 14 blocks in distance. 

SQUARE FOOTAGE: 

1. Find the average price per 

square foot for sales in the area. 

2. Divide that number by 2 to come up with a factor. 

3. Find the difference in the square footage between the comp and the subject. 

4. Multiply the factor by the difference to get the adjustment.