Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Selling in 15229 : Real Estate Advice

  • All10
  • Local Info0
  • Home Buying6
  • Home Selling2
  • Market Conditions0

Activity 2
Tue Aug 12, 2014
Gary Swank answered:
This may be an old posting, but it bears discussion. Basically there are 2 ways to look at property value: CMA and appraisal. (Of course there are others, such as AVMs which lack personal knowledge by the professionals.) A CMA (Comparative Market Analysis) is generally prepared by an agent/broker while an appraisal is prepared by a licensed and certified appraiser. The only value a lender will consider is an appraisal which is why an appraisal is ordered when you are financing your home purchase. A CMA is used by agents to look at comparable properties that are for sale or are sold to help a buyer determine if their offer is in range, or if a listing price meets the local norms. Best to discuss further in person with your agent. Thank you! ... more
1 vote 15 answers Share Flag
Fri Dec 4, 2009
Elizabeth answered:
Thanks to everyone for your help! You gave a lot of good advise and certainly show why REAs know so much better than the home owners in these areas! Happy Holidays to everyone!
0 votes 9 answers Share Flag
Search Advice
Search

Followers

300