Completing a CMA. Part Two Identifying Homes That Did NOT Sell

III. Now we will find homes that did not sell. Note, in a hot market, you may not find any. That is fine.

     A. The MLS search is the best place to find these homes. There is no official place to search for "for sale by owner" homes that did not sell. So we will focus on listed homes. Note, you now have options to search for residential, high rise, multiple dwelling etc. Highlight, and chose the appropriate type of property.

  

     B.  You are now using a different search area, from tax.  The MLS will ask you to enter 'Property Subtype', and 'Status', as first items.  (In tax records, we could have entered that information, too. In tax records, those entries are located lower down the page.) Go ahead and enter your requirements. With practice, you will feel comfortable to use either both search methods. You will go back, and forth with ease. 

    C. Same as in the tax search, you will continue to enter:
         - Closed dates.
         - Living area.
         - Year built.
         - Garage, etc.

   D. You may get a list of homes. You may get zero results. If you get a list print it. If you get zero, you may expand your search to the map search. Or, you may make a note that there were zero comparable homes that did not sell.

     E . Now, since you are now using the regular MLS search, you will be given the option to chose MLS information sheet, and/or tax record.  Print, and save both. You may need to cross reference them.
   
        As, you get more experienced, you may feel you do not need to print both. While you are training, I recommend you print both. You will decide for yourself, as you gain fluency.