Report post

What is the difference between market value and appraised value?

The appraised value of a property can differ from the market value and even an agreed upon purchase price for a home. The market value for a property is the price that buyers are willing to pay to purchase real estate. For example, a buyer might offer $225,000 for a home that the seller marketed at $240,000.

What is appraised value in real estate?

Appraised value is a property’s market value determined by a licensed, objective real estate appraiser. The appraiser considers multiple factors, including the structure and property itself, plus nearby listings or recent sales.

Why is a home's market value different than its appraised value?

In some cases, a home’s market value and appraised value will be different. This is because markets can be inefficient: buyers and sellers agree on prices that are not necessarily in line with the real value of the item in question. Why does this happen?

The World's Leading Crypto Trading Platform

Get my welcome gifts