What Is A Comparative Market Analysis (C.M.A.)

A comparative market analysis is done by a licensed real estate agent for the purpose of determining the price range vs. that of market value as with an appraisal.   Price range is based upon recent area home sales and basic amenities. If you are interested in selling your home, to assist you in determining the correct asking price, we suggest you take advantage of our FREE comprehensive market analysis of comparable properties sold and offered for sale in your neighborhood.

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What Is An Appraisal

An appraisal is the act or process of estimating value, for a fee by a certified appraiser that is either completing or has already accumulated the necessary skills to develop an opinion of value.   An appraiser bases his/her opinion on research in the market, the assemblage of pertinent data and the application of appropriate analytical techniques.   When these activities are combined with the with the appraiser's knowledge, experience and professional judgment, the result is an opinion that carries considerable weight in the marketplace.   This differs from a Comparative Market Analysis that a residential real estate agent provides to set the initial price of your home.   The appraisal is much more precise and accurate to the marketplace.  

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