Appraised vs. Market
Question: What is the difference between list price and sales price?
Answer: The list price is your advertised price, or asking price, for a home. It is a rough estimate of what you want to complete a home sale. A good way to determine if the list price is a fair one is to look at the sales prices of similar homes that have recently sold in the area. The sales price is the actual amount the home sells for.
Question: What about appraised value and market value?
Answer:
A certified appraiser who is trained to provide the estimated value of a home determines its appraised value. The appraised value is based on comparable sales, the condition of the property, and several other factors. Market value is the price the house will bring at a given point in time, once you and the buyer establish a "meeting of the minds" on price.
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