Home Value vs CMA vs Appraisal

Home Value

Where to get home valuation?
Online on real estate websites. IE. propertyup.com/home-value

What is home valuation is good for?
General knowledge of home values only.

Is home valuation good as a listing price?
No. Valuation is very generic and doesn’t take into account home’s individual features or condition.

Is home valuation good for property tax reduction?
No, generally it is not accepted.

Comparative Market Analysis (CMA)

Where to get Comparative Market Analysis (CMA)?
A local Real Estate Broker.Call your local real estate agent.

What is Comparative Market Analysis (CMA) good for?
CMA is good to find a price to list your home for sale or to buy a home.

Is Comparative Market Analysis (CMA) good as listing price?
Yes, a good licensed real estate broker will take into account not just comparable homes, but also the climate of the market, based on homes already on the market and also the month when those homes were first listed, forecasting for competitive homes.

It Comparative Market Analysis (CMA) good to reduce Property Taxes?
Yes, a CMA is generally accepted if a licensed real estate broker prepared it.

Home Appraisal

Where to get home appraisal?
Licensed Real Estate Appraiser Search for licensed appraiser in your state.

What is home appraisal is good for?
Before purchasing a home and required to get a mortgage. Call your mortgage broker before ordering an appraisal.

Is home appraisal good as listing price?
Sometimes. An appraisal is a good place to start, and is good at comparing homes, but it doesn’t take into account competition and forecast demand that created due to seasonality. It only takes into account sold homes and can create a problem in the market with rapidly increasing prices.

Is home appraisal good to Reduce Taxes?
Yes, accepted from licensed appraiser.