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Discover Your Property’s Market Value
At CB Action Realty, we know that your home is more than just a property. It's a reflection of your life and your dreams. That's why our experienced agents are dedicated to providing you with a free market value estimate and expert guidance through the local real estate market. Let us help you discover your property’s market value in California.
Difference Between Market Value & Appraised Value
When it comes to determining the value of a home, there are two main methods: appraised value and market value. The appraised value is the opinion of a certified appraiser on the worth of a home at a given point in time. Lenders require appraisals as part of the loan application process, and fees typically range from $350 to $550.
Market value, on the other hand, is the price that a home will bring at a given point in time. It is what someone is willing to pay for the property. A comparative market analysis, which is an informal estimate of market value based on sales of comparable properties, is often 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.
Market value, on the other hand, is the price that a home will bring at a given point in time. It is what someone is willing to pay for the property. A comparative market analysis, which is an informal estimate of market value based on sales of comparable properties, is often 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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