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Home Evaluation or Comparative Market Analysis (CMA)
A CMA is a report prepared by a real estate agent when requested by a home owner. The report is an skilled estimate of value for the home to be marketed for sale. Home market evaluations are done by studying other similar homes in the neighborhood, comparing those homes currently listed for sale, and recently sold homes to the subject property. Each market evaluation takes into account any additional amenities, special features, and overall condition.
"CMA" Comparative Market Analysis - the actual value a buyer is willing to pay for a specific home, with specific features, in a specific geographic area and real estate market.
County Tax Assessment Value - the value at which real estate taxes are based. NOT MARKET VALUE.
Appraised Value - determined much like a CMA, however many times is different than the CMA prepared by a real estate agent. NOT MARKET VALUE.