suburb or neighborhood.
Appraisal value is an evaluation of a property’s worth at a given point in time that is performed by a professional appraiser. Appraised value is a crucial factor in loan underwriting and determines how much money may be borrowed and under what terms. For example, the Loan to Value (LTV) ratio is based on the appraised value. Where LTV is greater than 80%, the lender generally will require the borrower to buy mortgage insurance. Assessed value is the amount local or state government has designated for a specific property and frequently differs from market value or appraisal value. This assessed value is used as the basis of property tax and when a property tax is levied. The assessed value of real property is not necessarily equal to the property’s market value, and almost never an accurate sale price value.
WHAT IS YOUR HOME WORTH?
The first step in selling your home is knowing the difference between value, worth, and price. Let’s examine the determining factors at work. Understanding those factors allows them to be leveraged. There are several ways a home’s value is derived.
COMPARATIVE MARKE TIVE MARKET ANALYSIS (CMA) IS (CMA) BY A REAL ESTATE PROFESSIONAL
Nothing determines the sale price of a piece of real estate but the price at which a willing buyer and seller agrees to sell. I will perform an extensive CMA on your property. This type of home valuation is free from me and more helpful than automated online offerings. It provides detailed information on each house sold in your area over the last six months, along
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