Differences Between a CMA and an Appraisal

Do you have a client that is looking to sell their home and they ask you if they need an appraisal or a Comparative Market Analysis? Or maybe you are wondering how to use your Cloud CMA software to create a CMA appraisal report but aren’t sure where to start.  

What is a Comparative Market Analysis?

As a real estate agent, you know that a comparative market analysis (or CMA) is a crucial part of your business. They help explain where the current market is, in terms of recent sales and other homes that are being sold in the area, in a way that a client can easily understand. When it…