CENTURY 21 Northland - Traverse City, Michigan

QUICK SEARCH

Type:
Area:
From:
To:

Tips for Buyers

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 application process; fees range from $200 to $300.

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.

Provided By Inman News

-Return to Buyer's Questions

Real estate data displayed on this Web site come in part from the IDX program of the Traverse Area Association of REALTORS® (TAAR). Listings held by brokerage firms other than CENTURY 21 Northland are marked with the MLS logo and are provided courtesy of the brokerage firm holding the listing; detailed information about the listing includes the name of the listing broker.

Century 21 Real Estate LLC, CENTURY 21® is a registered trademark licensed to Century 21 Real Estate LLC. Equal Housing Opportunity. Each Office is Independently Owned and Operated.