Getting your home appraised can determine how much you will be able to sell it for, but is there a big difference between the market value and the appraised value? Here are some key things YOU need to know about the difference between the two and which can be more valuable.
What is Market Value?
Market values are consumer driven and usually the price that you will sell your home for, not the price for which it could sell. Many factors influence the price or market value of your house, but the majority of them have to do with either the buyers or sellers motivation to buy or sell the property.
If your home is located in a good area of the city, close to reputable schools, and is located in a good neighborhood, then the market value of your…