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A real estate 'Free Home Evaluation' helps as a guide to establish a property's market value the most likely sales price it would bring if offered in an open and competitive real estate market. Real estate agents use CMAs or 'Home Evaluation' to help home sellers determine a realistic asking price. CMA, with an appraisal is entirely different. Experienced agents often derive very close to an appraisal price with their CMAS, but an appraiser's report is much more detailed--and is the only valuation report a bank will consider when deciding whether or not to lend the money.
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