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Tibor Olah
Sales Representative

Apex Results Realty Inc., Brokerage
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Terminology Tip

 

Appraisal Value Vs. Market Value

Both appraisal value and market value are considered in the selling or buying of property.

Appraisal Value is based on a professional evaluation by licensed, certified property appraisers who are hired to evaluate a property and provide its estimated worth based on accepted appraisal principals.

Market Value has more variances as it is consumer-driven, allowing for local market conditions and the more subjective influences that determine how much a buyer is prepared to pay. It is the highest amount a property will sell for in a competitive and open market.

If you would like to know what the market value of your home is today feel free to contact me anytime.

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