Chuck Minzenberger

I'm a:	Real Estate Professional
Location:	Chicago

1 Answer

Report this profile

My Q&A View all >>

Chuck Minzen…'s Questions (0)

Chuck Minzen…'s Answers (1)

CMA vs Appraisal Who is winning? With the real estate market in limbo (in certain areas), what are you

Asked Wed Jul 16 2008, 19:48 by Mark10 - Chicago - Market Conditions - 7 answers

Chuck Minzenberger answered:

Mark-who's winning, not really sure what you mean

if an appraisal is properly researched and constructed it is pretty accurate and usually within +/- 2% of selling price, but you need good comparable sales in the area; appraisals are fact based, a good one will stand up in court, CMAs are often wishfull thinking on behalf of the broker/home owner

CMAs generally don't go deep enough, often skipping over critical elements of comparison [view, sq ft., building tier, neighborhood or even a paticular block, etc. - Sun Jul 20 2008, 12:50

View all Chuck Minzenberger's Questions & Answers >>

RSS