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    Bill Freeman
    Freeman Realty Group
    104 Springdale Way
    Chapel Hill, North Carolina, 27517
    Office: 919 338-0788
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    market value vs. appraised value PDF Print E-mail

    What is the difference between market value and appraised value?

    The appraised value of a Pittsboro 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.


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    Last Updated ( Wednesday, 30 July 2008 )
     
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