Appraised Value – Appraised value is the FAIR market value of property as determined by a licensed and qualified appraiser
Market Value – Market value has more variance, as it is the HIGHEST price a buyer would pay – and the LOWEST price a seller would accept – on a property, depending on market conditions. The appraised value and the market value will not necessarily conform, depending on if it’s a buyer’s market or a seller’s market in your area.
Both appraisal value and market value are considered in the selling or buying of property.
For any questions or inquiries don’t’ hesitate to call a Sable Realty Corp. Agent.