Sean Scullion, Real estate agent serving Marin, Sonoma, & SF (Bradley Real Estate)

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Rainer
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LeAnn Sink - Realtor Knoxville, TN
United Real Estate Solutions - Knoxville, TN
#ThinkSink when you need an agent.

I almost always help them out. They will remember that you were the one to go above and beyond with no strings attached.  I have received more business for the being the one that stood out and remembered. 

Jun 13, 2016 11:46 PM
Rainmaker
1,840,036
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

I tell them that a CMA is 'for the moment'. In other words, you don't need that in writing for insurance purposes or a trust.  Unless the person has passed & you're doing it for probate purposes - then it's paper.

Jun 13, 2016 11:41 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I will give them one for that purpose but want the truth upfront. 

Jun 14, 2016 02:58 PM
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I always try to be helpful

Jun 14, 2016 02:40 PM
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Still do it, down the road it will pay off.

Jun 14, 2016 11:07 AM
Rainmaker
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Karen Hurst
RICOASTALLIVING.COM - Warwick, RI
Rhode Island Waterfront!

It depends on my relationship with that person, but usually, I will do it. Building relationships is essential. They will remember you did it and maybe refer you to someone at a later date. You have to give to get!

Jun 13, 2016 11:44 PM
Rainer
69,794
Shawn and Angela Miller
Berkshire Hathaway HomeServices Amabassador Real Estate - Lincoln, NE
Lincoln and Omaha, NE REALTORS®

I usualy ask more indepth questions before hand.  Like why they need a valuation and whether they are looking to list and when.  If not to list,  I suggest to them to contact an appraiser.  I had a local landlord keep asking me for CMA's on his properties and then he would FSBO them.  After the second one, I quit giving my advice for free to him.  Leasons learned.

Jun 13, 2016 11:37 PM
Rainmaker
4,852,560
Richard Weeks
Dallas, TX
REALTOR®, Broker

I would consider that as a BPO and charge them accordingly.

Jun 13, 2016 11:34 PM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

If they are honest about the use, I would do it as a service. It could lead to potential business. I would make it clear a "CMA" is not an appraisal. 

Jun 14, 2016 10:09 PM
Rainmaker
5,096,366
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

If someone asks for a cma, I always ask what the purpose is. I always remind them that an agent's cma mostly likely only deals with the market value of a home to be sold in the very near future. And if they need a true valuation for estate purposes, they need to contact a licensed appraiser. But so long as they feel a cma is fine and they understand its limitations up-front, I have no problem being helpful... you never know when that turns into a referral or future business.

Jun 14, 2016 09:56 PM
Rainmaker
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Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I explain it's for this moment and can change at any time

Jun 14, 2016 09:35 PM
Rainmaker
7,792,584
Roy Kelley
Retired - Gaithersburg, MD

Providing this service is a good way to build relationships.

Jun 14, 2016 09:17 PM
Rainer
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Baldev Singh
IND Real Estates - Breckenridge, TX
I am "Baldev Singh" a real estate advisor.

I don't Know what is the correct answer but according to me you have consider the market and do something new

Jun 14, 2016 04:55 PM
Rainmaker
519,324
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Sean, 

If the person is a stranger, I try to understand and assist them in a way and at a time that is reasonable for me. If they are a friend or past client, I do what I can as quickly as I can.  

Providing services that do not necessarily immediately result in payment doesn't make it a poor choice. Other needs, referrals and just general appreciation can be reason enough. 

Jun 14, 2016 12:39 PM
Rainmaker
1,498,438
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

What's the question?  I don't see an actual question here.  I'm assuming you meant to add "What would you do/charge?"

 

My answer:

I would do it if it was informal and based upon comps, etc.  If it needed to be done more formally (like an actual appraisal with room measurments, etc.) then I have a list of appraisers that I'd recommend.  Now if I'd charge for an informal one, it depends on who asked and the circumstances.

Jun 14, 2016 12:24 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I am not sure I underestand your question...Am I ok doing so?   If that is the question then I would do it at a time I am not real busy

Jun 14, 2016 09:04 AM
Rainmaker
1,390,113
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

We've done it - many times - but with the caveat that we are not appraisers.

They often turn into clients.

Jun 14, 2016 07:43 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Are they close friends or relatives?

Suggest they hire an appraiser.

Jun 14, 2016 05:21 AM
Rainer
7,751
Tawny Lynn
Washington First Mortgage Loan Corporation - Seattle, WA
NMLS-57806 Loan Officer Mortgage Originator

My guess is with trust/attorneys involved they are likely going to want an appraisal by a licensed appraiser, which they will have to pay money for. Seems like a waste of time for the real estate broker unless you just want to get your foot in the door and maybe list the house when they are ready to put it on the market. 

Jun 14, 2016 05:17 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

If it's someone I have a relationship with, sure, no problem.   Others would be on a case by case basis.

Jun 14, 2016 04:51 AM
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Send them to an Attorney.  

Jun 14, 2016 03:11 AM
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

This is your chance to take one of your feet and stick it in the doorway. Let them sample you. The report is of a secondary value. Sell the self

Jun 14, 2016 02:56 AM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I go and give them a CMA..... I'd rather know up front what the honest reason is for calling....I never do an over the phone....I meet and see the home and handle it as if they were going to make a decision to list.... and often, I did receive business from those folks....

Jun 14, 2016 01:50 AM
Rainmaker
1,722,826
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

At least they were upfront with their purpose. I would give them a CMA and advise them that it is only an estimate of value and the market determines the price when a home received an accepted purchase offer and closes.

Jun 14, 2016 01:11 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Sean,

I think your question has been truncated and the real intent not clear.

From what I understand, the request is for a market value of the home but they reveal it is 'estate' related.

Further questions will reveal who will be using the data and THAT will determine the valuation instrument to be used. You indicated the purpose is simply a line item in a trust, NOT the liquidation of an estate.

Give them what they want.

 

 

Jun 14, 2016 12:37 AM
Ambassador
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Mimi Foster
Falcon Property Company - Colorado Springs, CO
Voted Colorado Springs Best Realtor

Not sure I understand. Unless one party is intending to do away with the other party in the near future, whatever you do is not valid six months from now. 

Jun 14, 2016 12:35 AM
Rainmaker
1,617,866
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I ask questions and then give them a professional CMA. That is it.

Jun 14, 2016 12:07 AM
Ambassador
5,033,056
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I normally ask a few questions about their plans . Also remind them this is an estimate of value at this point in time

Jun 13, 2016 11:44 PM