Seller Resources - Articles

Selling Your Home - Appraisals & Market Value

What is the difference between market value and appraised value?
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.

 Market value 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?
A home 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.    


Lorraine Sayer
Lorraine Sayer
Associate