What is the difference between a certified appraisal versus a brokers market analysis?
A certified appraisal is a formal, impartial estimate or opinion of value, usually written, of an adequately described property, as of a specific date, and supported by the presentation and analysis of relevant data. Only a state certified appraiser can provide a certified appraisal. A comparative market analysis or brokers price opinion is an informal estimate of market value, performed by a real estate agent or broker. The most important difference between a certified appraiser and broker or real estate sales agent is their motivation. A brokers typical goal is to obtain a listing and earn a commission. Although most brokers and agents are honest some might tell you what they think you want to hear. Certified appraisers are independent and have no ulterior motives. Their only concern is to deliver a fair, accurate objective appraisal. Services provided In our complex society, you may need the services of a professional real estate appraiser for a variety of reasons. Depending on an a
