selling Your Home - Appraisals & Market Value
What is the difference between market value and
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.