Question: What is the difference between list price, sales price and appraised value?

Answer: The list price is a seller's advertised price, a figure that usually is only a rough estimate of what the seller wants to get. Sellers can price high, low or close to what they hope to get. To judge whether the list price is a fair one, be sure to consult comparable sales prices in the area. The sales price is the amount of money you as a buyer would pay for a property. The appraisal value is a certified appraiser's estimate of the worth of a property, and is based on comparable sales, the condition of the property and numerous other factors.

Question: What is the difference between market value and appraised value?

Answer: 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.

Question: What's a house worth?

Answer: A home ultimately is worth what someone will pay for it. Everything else is an estimate of value. To determine a property's value, most people turn to either an appraisal or a comparative market analysis. You can do your own cost comparison by looking up recent sales of comparable properties in public records. These records are available at local recorder or assessor offices, through private real estate information companies or on the Internet.

Question: What did another property sell for?

Quickly Find Out What that Home Down the Street Sold For. If you are considering selling your home, you are probably wondering what other homes in the area are selling for.

There might be one home in particular that you'd like to know the sale price on, or you might be interested in all the homes that have sold recently in your neighborhood. I can help!

I can tell you exactly what any home sold for in your area. I will furnish you with a list of homes that have recently sold on your street or in your neighborhood. I can also tell you about homes similar to yours that are currently on the market.

This service is entirely free, without obligation - It is just part of the service that I provide to home sellers on a daily basis. Just fill out the form with the properties or area you are interested in and I will get back to you as soon as possible.