CMA vs. Appraisal: What Is The Difference?
Real Estate CMAs, comparitive market analysis
They are usually completed by a real estate agent. CMAs help to establish a fair market value of a seller's property. In detail, a real estate CMA compares a seller's property to properties in a similar location or neighborhood, with similar features, and of a similar size. Sellers can then confidently choose a listing price for their home that is both competitive and realistic for their current market.
Appraisal
Appraisals are performed by a licensed appraiser, usually after a buyer is found. The purpose of an appraisal is for a bank or lender to establish the true value of a property prior to loaning money to a buyer. This ensures the bank, or lender, does not lend out more than the property is worth. For example, they would not approve a loan to a buyer for $750,000 for a property that is only worth $500,000.
The Two Main Differences: Who Does It & The Purpose Of It
A real estate CMA, or comparative market analysis, is completed by a real estate agent. Its purpose is to help sellers establish a listing price for their property that is both fair market value and competitive. Appraisals are completed by a licensed appraiser, and its purpose is to determine the true value of a property to ensure a bank or lender does not loan a buyer more money than the property is worth.
I hope this helps you understand how a real estate CMA or appraisal can benefit you as a buyer or seller. As always… if you have any questions please leave a comment, give me a call, or reach out via Facebook or Instagram!
Recent Posts

Think You Need a Huge Down Payment to Buy a Home? Think Again.

Is Tampa Still Worth It in 2025? What Buyers & Sellers Need to Know in 2025

The Hidden Dangers of Overpricing Your Home (And How to Avoid Them)

Tampa’s 10 Best Neighborhoods to Live in 2025

The Great Housing Divide: Why Your Market May Be Hot While Others Cool Off

Housing Market Forecast 2025: What Every Buyer and Seller Needs to Know Right Now

Don’t Sabotage Your Home Sale: Avoid These Costly Mistakes Sellers Make Every Day

First-Time Homebuyer Secrets: What No One Tells You (But Should)

Home Prices Aren’t Crashing—They’re Leveling Up: What You Really Need to Know About the Housing Market

Mortgage Approval Just Got Easier: Here’s What Every Homebuyer Should Know Right Now