02/19/2025
A Comparative Market Analysis (CMA) and an appraisal are both used to determine the value of a property, but they differ in their purpose, who conducts them, and how they are used in real estate transactions. Both a CMA and an appraisal play important roles in the real estate process, but an appraisal is typically required by lenders, whereas a CMA is a valuable tool for pricing strategy.