08/23/2026
Sometimes we get confused on these terms as they can often be used interchangeably. Let me help you understand!
An “apprasial” is completed by a certified and accredited appraiser and is typically done for financing purposes during refinancing or mortgage applications. The appraiser will determine the value of the home to compare its worth in the current market and the lending needed.
A “Comparative Market Analysis(CMA)”can be completed by a registered Real
Estate Representative and will give you a value based on the current market. We compare what’s been sold, what is currently on the market and what has expired. We look at many factors included days on the market, timing trends, market areas, etc.
If you are looking for a Comparative Market Analysis for your home, I would be happy to chat with you!