Did you know that as a member benefit of MFRMLS you have several options for how to obtain statistics about the neighborhood, a specific MLS listing or even your own production statistics?
Using iMapp you have access to an on-the-fly statistics function. The Market Conditions Report will allow you to gather the same type of information that appraisers use when filing a 1004MC report. Finally, using MLXchange you can obtain statistics regarding your own production for the year so that you can "sell yourself" with supporting documentation.
When using iMapp you can gather Residential statistics directly from the property detail page by simply clicking "Residential MLS Stats" you will have the opportunity to view inventory, sold listings, all sales and new vs. sold reports for the zip code, county or the entire MLS.
Market Conditions Report in MLXchange
From within MLXchange when viewing a property you can choose to view the Market Conditions Report. The primary use of the report is for appraisers to complete the Market Conditions Addendum to the appraisal report, now required on all appraisals performed beginning April 1, 2009. As a secondary use, members can use this report to gain a more detailed understanding of the overall market trends for properties and neighborhoods.
All REALTORS® wants to be able to sell themselves to potential buyers and sellers, right? Using MLXchange and the statistics available, you can provide the numbers to support your claims. Simply click on the tab "reports" then choose "statistical reports" to begin your journey into letting MLXchange gather and crunch the numbers for you.