I'm a first time home-buyer and I need to know a property value.I'm a first time home-buyer. My agent told me to ask my lender for the property I'm interested in for its value. My lender told me to ask my agent for a CMA to determine the property value. My agent also told me that if a deal is made on the property with a price over the appraised value, I wouldn't get the full amount of the loan that includes the excess amount. If I cancel by then, I would be responsible for the appraisal fee and other fees I don't remember what. My lender told me if the agreed price is over the appraised value, I would have to re-negotiate for a new price. The seller may walk away. So, who has the information of a property value? Is CMA adequate to predict a property's value? Can I not pay for any fees if I or the seller cancel a deal?December 30 2008 - Alhambra00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.