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Tips for Buyers
What is the difference between market value and appraised value?
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| 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. |
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William Zamarelli Realtors®
Hunter Square
8700 E. Market St. Ste. 6
Warren, OH 44484
Phone: 330-856-2299
Toll Free: 800-697-0322
Fax: 330-856-9596
wzr@williamzamarelli.com
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