Pat Fales Associates
RE/MAX Allegiance
5641 Burke Center Parkway, Burke, VA22015
Pat FalesO: 703-503-4365C: 703-628-2229

Today's News and Features

Q: What Is the Difference between Appraised Value and Market Value?

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.

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