FAQ

Accounts
  1. Did I already get my account email?
  2. Are the passwords for Equity Analyzer the same as Real Market Masters?
Importing Your Lists
  1. What do I tell my Realtor I need for the lists?
  2. Why do I have to save my file as a CSV?
  3. Which fields are required?
  4. When I get my CSV, the address is split into multiple fields. How do I fix that?
  5. Who owns the data I import? Can anyone else get access to it?
  6. Should I get separate lists for each suburb instead of a mixed list of 3+ suburbs?
Analyzing your Results
  1. Could you explain the Spread and Spread ratio?
  2. How can I identify Appreciation in my market?


Did I already get my account email?

Maybe! If it's not in your email anywhere, you can enter your email in the password reset box here.

Are the passwords for Equity Analyzer the same as Real Market Masters?

Yes, the username(your email) and password is the same for both sites.

What do I tell my Realtor I need for the lists?

It is imperative that you have the 10 Active data items as well as 11 Sold data items in which describe in detail each property to the extent to have the capability to determine matches. The Realtor will need to produce a Custom Report created with most MLS systems so that it can be loaded up in the software. Once the Realtor clicks custom report, most MLS systems will allow them to choose the 10 or 11 respectively, therefore creating what you need. At this point it will need to be sent to you in CVS format or Excel in which the video within the EquityScanner software will walk you through the process to convert if you are uneducated on that process.

Why do I have to save my file as a CSV?

Importing large files in CSV format will be significantly faster than other Excel formats. If you need to convert your file to .CSV, open your file, select "save as" and choose "save as type" > CSV (comma delimited). (How-To Video)

Which fields are required?

There are currently 10 active fields needed and 11 sold fields needed. The 10 Active fields are MLS#, List Price, Address, Zip Code, bed, bath, sq ft, year built, subdivision and DOM. The 11 Sold fields are MLS#, List Price, Address, Zip Code, bed, bath, sq ft, year built, subdivision, DOM and Sold Price.

When I get my CSV, the address is split into multiple fields. How do I fix that?

We have the software attempt to find a split address and merge the fields, but it doesn't always work. If it's not working for you, let us know and we'll do our best to make sure it works for your format. You can also merge the fields with excel before attempting to import. (How-To Video)

Who owns the data I import? Can anyone else get access to it?

You are the only one who has access to your list unless your Realtor gives it to someone else. The MLS data is open to anyone, but only accessed by a Realtor.

Should I get separate lists for each suburb instead of a combined list of 3+ suburbs?

I would narrow down suburb areas. With the ability to separate by subdivision, you can load as many properties into the Equity Analyzer as you want. You have the mileage distance indicator to determine which properties are in the comparable location that an appraiser would use.

Could you explain the Spread and Spread ratio?

Spread is the amount of equity between an active property and a sold property in its current stage. If an active property needs work, and the sold properties are completely rehabbed, you need more spread to count for rehab cost as well as other expenses that will need to be considered such as carrying cost, realtors fees, profit amount, etc. The spread identifies potential deals. Your exit strategy will determine what amount of spread is needed at any particular time. The Spread Ratio is the Spread divided by the Sold price. Just like Spread, the higher the better. This takes into account that a $30,000 Spread doesn't mean quite the same thing for a property that sold for $500,000 vs. a property that sold for $100,000.

How can I identify appreciation in my market?

The most updated Sold Data from a Realtor is the most accurate way to identify Appreciation.