market,appraised

	Barbara Kiernan CRP, CRS, GRI Broker Prudential Indiana Realty Group 3801 E. 82nd Street Indianapolis, Indiana 46240 Direct: (317) 558-7726 Mobile: (317) 201-3967 Home: (317) 873-6920 Office: (317) 595-2100
Click here to E-mail me questions at any time

What is the difference between market value and appraised value?

The appraised value of a house is a certified appraiser's opinion of the worth of a home at a given point in time. Lenders require appraisals as part of the loan application process; fees range from $200 to $300.

Market value is what price the house will bring at a given point in time. A comparative market analysis is an informal estimate of market value, based on sales of comparable properties, performed by a real estate agent or broker. Either an appraisal or a comparative market analysis is the most accurate way to determine what your home is worth.