selling Your Home - Appraisals & Market Value

What is the difference between market value and appraised value?

The appraised value of a home is a certified appraiser's opinion of the worth of a home at a given point in time. Market value is what the price of the home will bring at a given point in time.  A comparative market analysis is an informal estimate of market value, based on sales, active and expired comparable properties performed by a real estate agent or broker. An appraisal or a comparative market analysis is the most accurate way to determine what your home is worth. It is often said the sale of a home is an emotional experience, and"VALUE is in the eye of the beholder (the seller or buyer)". As a Seller or Buyer you may see emotional value above an appraised market value. If so let us know as we negotiate an offer. 

Noel and Paula David
Noel and Paula David
Broker Associates