Appraised Value vs Market Value Example

By definition, Appraised value is market value for the date and time that a real estate appraisal was completed. A year later, that valuation could change.

Let us explain the appraisal process. What does a residence evaluator seek when valuing property?

Real estate appraisal is not based upon what it would set you back to create building that real estate structure.
A fair market value real estate appraisal is based upon what a prepared buyer would purchase a residential or commercial property for from a willing seller at a certain date proven by equivalent sold property evidence.

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