Hi everyone,
Quick question for anyone. My broker does CMAs a bit differently than maybe the norm, by square foot instead of the expected deducting and adding of values to comps. Does anyone else do it that way and have you seen any success with the method? I am finding that most people I run into seem to expect it to be done the other way instead of the square foot method.

And does anyone have ballpark numbers as to the values for bedrooms, bathrooms, etc to be added and or deducted? I find that he is not able to give me numbers for those things since he does not do it that way.

Thanks in advance for any help, have a presentation going on tomorrow and already have the square foot method completed, but thought if I had two methods, it might be helpful to be prepared.

It depends on your market area. I work in small-town Ohio and I always use the add/deduct way for CMAs. Square feet won't work here, there are very few homes that are similar enough to one another to do that. Since it's going to vary a lot by market area/price range of the homes, perhaps you should call someone in your local area and ask. You can't value an unfinished basement at $5000 on a million dollar home and same value on a $20K home.

Nothing is ever easy, is it?