WHAT'S THE DIFFERENCE BETWEEN A CMA AND AN APPRAISAL?
A Comparative Market Analysis (CMA) is used by your Realtor to determine an appropriate listing price by comparing your homes condition , size and features with the current market trends from other properties in a specific area that have recently been sold, currently on the market or expired using information acquired the California Regional Multiple Listing Service (CRMLS).
An Appraisal is done by a State Licensed Appraiser to determine the current market value of a home and is ordered by the buyer's lender to protect it's interests by ensuring a loan does not exceed the properties value.