Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What Is The Difference Between A CMA And An Appraisal?

April 26, 2017appraisal CMA difference

0

Posted

What Is The Difference Between A CMA And An Appraisal?

1 Answer

0

Posted

A real estate appraisal is a comprehensive evaluation performed by an independent professional appraiser. With a CMA, the agent’s experience in the business and familiarity with the location can affect the accuracy. Typically, CMA’s prepared by an experienced agent with excellent local market knowledge will be right in line with a home’s appraised value. A CMA can therefore be a very useful tool in a real estate transaction.