When you want to know what your home is worth, it’s easy to get confused between a home valuation and a property appraisal. Though they may seem to be the same thing, and in a lot of ways are very similar, there are some very important differences between the two you’ll want to know in order to better understand the value being determined.
What is a Comparative Market Analysis?
A Comparative Market Analysis, also simply known as a CMA, is a method of property valuation completed by real estate professionals used to estimate the value of residential properties. Your REALTOR® will examine previously sold properties with similar features in your area to create a report to help you determine a realistic listing price for your home buyers may be
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