Main Logo
CB Logo
  • Home
  • Search
  • Listings
  • Resources
    • Sellers
    • Buyers
  • Testimonials
  • News
  • About
    • Biography
    • Discography
  • Contact

What is Appraised Value?

  • Appraisals provide an objective opinion of value, but it's not an exact science so appraisals may differ.
  • For buying and selling purposes, appraisals are usually based on market value - what the property could probably be sold for. Other types of value include insurance value, replacement value, and assessed value for property tax purposes.
  • Appraised value is not a constant number. Changes in market conditions can dramatically alter appraised value.
  • Appraised value doesn't take into account special considerations, like the need to sell rapidly.
  • Lenders usually use either the appraised value or the sale price, whichever is less, to determine the amount of the mortgage they will offer.
  • Calculators
  • Finding A Loan Officer
  • Mortgage Glossary
  • The Loan Process
  • Metro Markets
  • Communities
  • Schools
CB Logo

Greet me and meet me on social media. You can follow my new listings and changes in the marketplace on any of the following.
Follow me.

Navigation

  • Calculators
  • Finding A Loan Officer
  • Mortgage Glossary
  • The Loan Process
  • Metro Markets
  • Communities
  • Schools

Let's stay in touch...

Realtor & Housing
Licensed In Minnesota

All information deemed reliable but not guaranteed and should be independently verified.

Copyright © 2022 | MSLLC.XYZ