A real estate appraisal provides an estimated value of a property, aiding buyers, sellers, and lenders in making informed decisions regarding real estate transactions.

Appraisers evaluate factors such as location, property condition, size, and comparable sales to estimate a property's market value.

Licensed or certified appraisers, often employed by banks or appraisal management companies, are qualified to conduct these evaluations.

A CMA is prepared by realtors to help sellers understand potential listing prices, while an appraisal provides a formal, unbiased market value determined by a licensed appraiser, often required for mortgage purposes​

The on-site inspection can take anywhere from 30 minutes to several hours, depending on the property type. After the inspection, completing the report may take anywhere from a few days to several weeks​

Fees are typically a flat rate, and are often paid upfront by the client. The fee depends on the complexity of the property and the scope of work of the appraisal.

A Rent Comparability Study (RCS) analyzes rental properties to determine fair market rent by evaluating factors like property location, condition, and amenities

Unlike real estate agents, who facilitate transactions and earn commissions, consultants focus on providing strategic guidance and comprehensive market analysis without being tied to any specific sale

Compensation typically varies; many consultants charge a flat or hourly fee based on the scope of work, unlike agents who work on commission