- I’m selling my home. Do I need an appraisal?
- Your real estate agent will suggest a list price for your home based on a comparative market analysis (CMA). This is a combination of your agent’s assessment of your property and a review of sales data about similar homes in your area that have sold or that are for sale.
- Many sellers set their home’s list price according to the CMA. But, you may also want to consider an appraisal. Appraisals may be a better guide in determining a list price for the actual listing period. And, sometimes, it’s useful to have the property value established by an objective third-party – this is especially true if you feel that your property is worth more than the amount your agent suggests.
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