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Term: APPRAISAL
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Author: VR SAM™ Military Real Estate Experts | Resources Created: 3/6/2014
Joe and Deb Gladden Veteran Realty Serving America's Military, Inc. Certified Military Relocation Professional

YOUR HOME’S ASSESSMENT, APPRAISAL, AND MARKET VALUE

By Joe and Deb - VR SAM on 3/6/2014

Frequently, sellers and buyers, and even their Realtors, confuse the terms “Assessment,” “Appraisal,” and the actual “Market Value” of a home. For instance, a buyer considering a home that is listed for $300,000 will research the public tax records and note that the “tax assessment” is only $250,000 and concludes that this must be the “market value” of the home. The buyer then constructs his / her offer accordingly only to be disappointed when the offer is rejected.

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