Selling Your Home - Appraisals & Market Value
What is the difference between market value and appraised
The appraised value of a house is a certified appraiser's opinion
of the worth of a home at a given point in time. Lenders require appraisals as
part of the loan process.
is what price the house will bring at a given point in time. A comparative
market analysis is an informal estimate of market value, based on sales of
comparable properties, performed by a real estate agent or broker. Either an
appraisal or a comparative market analysis is the most accurate way to determine
what your home is worth.
What's a house worth?
ultimately is worth what someone will pay for it.
To determine a property's value, most people turn to either an
appraisal or a comparative market analysis. An appraisal is a certified
appraiser's estimate of the value of a home at a given point in time. Appraisers
consider square footage, construction quality, design, floor plan, neighborhood
and availability of transportation, shopping and schools. Appraisers also take
lot size, topography, view and landscaping into account. A Comparative Market Analysis is a real estate broker's estimate of a home's market value based on sales of comparable homes
in a neighborhood taking into account similar features that the appraiser reviews.
What Does a Market Analysis Cost?
I'm happy to provide a FREE market analysis for my sellers. I want to go over the current home values with you to make sure this is the right time to sell and the numbers make sense. Making a decision to sell a home should be based upon facts and expert advise.