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Appraised value is a certified appraiser’s opinion of the worth of a home at a given point in time. Lenders require appraisals as part of the loan application process; fees range from $200 and up.
Market value is what price the house will bring at a given point in time given the market, location, condition & recent sales. A Comparative Market Analysis (CMA) is an informal estimate of market value, based on sales of comparable properties, performed by a Real Estate Agent or Broker.

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