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Understanding Property Valuations: CMA vs. BPO vs. Appraisal
🏡 Understanding Property Valuations: CMA vs. BPO vs. Appraisal
At 36d5 Realty, we believe informed decisions start with clarity. Whether you're buying, selling, refinancing, or just curious about your property's value, it's important to understand the tools available. Here's a quick breakdown:
📊 Comparative Market Analysis (CMA)
A CMA is typically prepared by a licensed real estate agent to help determine a competitive listing price. It compares your property to similar homes recently sold, currently listed, or expired in your area. CMAs are ideal for sellers and buyers looking for a market-based estimate—but they are not formal valuations.
📝 Broker Price Opinion (BPO)
A BPO is often requested by lenders or banks, especially in situations like foreclosures or short sales. It may include a drive-by or interior inspection and is performed by a real estate professional. While more detailed than a CMA, a BPO is still not a certified appraisal and may be limited in scope depending on the format used.
🧾 Appraisal
An appraisal is a formal, unbiased opinion of value conducted by a licensed or certified appraiser. It includes detailed analysis, adjustments for property features, and is required for most federally regulated lending transactions. Appraisals are the gold standard when accuracy and compliance matter most.
Our Services
At 36d5 Realty, we offer a full spectrum of property valuation services tailored to meet your unique needs—whether you're preparing to sell, navigating a financial decision, or simply seeking clarity on your property's worth.
Our CMAs provide a market-informed estimate of your property's value, based on recent sales and active listings in your area. Ideal for buyers and sellers looking to understand current market trends and set competitive pricing strategies.
For lenders, investors, and clients needing a more structured valuation, our BPOs offer a professional assessment that includes property condition, neighborhood insights, and comparable data. These are often used in short sales, foreclosures, or portfolio reviews.
When precision and compliance matter most, our licensed appraisers deliver detailed, unbiased reports that meet industry and regulatory standards. Whether for financing, estate planning, or legal purposes, our appraisals provide the confidence and credibility you need.
