Appraisal or Competitive Market Analysis (CMA)?

Appraisal or Competitive Market Analysis (CMA)?

There is a lot of negative commentary in social media and in the press related to what appraisals are and what appraisers do. Much of it seems to stem from a misunderstanding of the appraisal process. I just saw a YouTube video an agent put together disparaging appraisals from the pre-listing perspective, and instead advocating for the use of agent’s market analysis.  Both appraisal and CMAs are valid, as they have different functions, and it makes no sense to disparage one to try and sell the other.