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Why is appraised value different than market value?

Because the appraised value is what a professional appraiser believes a property is worth versus the market value, which is what the buying public is willing to pay. What can you do if these valuations are different?

Do appraised value and market value affect a home sale?

Most of the prices you see next to listings online are market values determined by other homes for sale in the area, the home seller, and their real estate agent. However, in real estate transactions, appraised value and market value are both factors that can make or even break the sale of a home.

What is a home appraised value?

If a home’s market value is determined by what buyers are willing to pay for a home in a free and open market, then what is an appraised value? Appraised value is what your home is worth according to a professional, licensed appraiser. What goes into an appraisal?

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