appraisal or cma: Appraisal or CMA? Which is most relevant?
- 06/08/10 05:47 AM
How many times have you heard on a pre-listing interview, "I've just had my house appraised", and just knew that you were in for an uphill climb? What most sellers don't quite understand is that an appraisal does not necessarily tell the whole story of value. Appraisals are primarily used to determine market value given consistent market conditions. If a seller is looking to purchase insurance, apply for a home equity loan or have a tax assessment done then the appraisal can be a useful tool. However, when determining how a particular home may compete in unusual market conditions there is … (0 comments)
How many times have you heard on a pre-listing interview, "I've just had my house appraised", and just knew that you were in for an uphill climb? What most sellers don't quite understand is that an appraisal does not necessarily tell the whole story of value. Appraisals are primarily used to determine market value given consistent market conditions. If a seller is looking to purchase insurance, apply for a home equity loan or have a tax assessment done then the appraisal can be a useful tool. However, when determining how a particular home may compete in unusual market conditions there is … (0 comments)
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