A chattel is a movable item of personal property—like a fridge or a washer—that isn’t permanently attached to the home. It can be included in the sale, but it’s not considered part of the real estate itself unless specified in the agreement.
This refers to how a property can be used to achieve its maximum value. It must be physically possible, legally allowed, financially reasonable, and most productive.
A typical home inspection takes between 20 minutes to 1 hour, depending on the size and complexity of the property.
A CMA is a quick estimate usually done by a real estate agent. An appraisal is a detailed, unbiased valuation by a certified appraiser—more accurate and used for official purposes.
Inspectors assess the physical condition of a home. Appraisers evaluate its market value based on a wide set of factors. They serve different roles in the real estate process.
They follow strict national standards and a professional code of conduct—ensuring reliability, accountability, and trusted results.
Market value is the most probable price a property would sell for in today’s market under fair and normal conditions.
An appraisal is a formal valuation of a property conducted by a certified professional—used for mortgages, legal matters, and financial planning.