Saturday, January 16, 2016

A: A certified appraiser who is trained to provide the estimated value of a home determines its appraised value. The appraised value is based on comparable sales, the condition of the property, and several other factors.Market value is the price the house will bring at a given point in time, once the buyer and seller establish a “meeting of the minds” on price.

RISMedia welcomes your questions and comments. Send your e-mail to: realestatemagazinefeedback@rismedia.com