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Contact Information |
Looey Tremblay RE/MAX Property Center 30 Burns Ave San Ignacio, Belize, Central America Skype : LooeyT, MSN : looeyt@hotmail.com
Office: 501-824-0550, (From North America, dial 011-501-824-0550), (Toll-free North America 1-877-836-2756) Cell: 519-241-1230 (Canadian Cell Phone) Fax: 501-824-0447, (From North America, dial 011-501-824-0447)
Lic. #: KW6821
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difference between market value and appraised value |
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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.
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