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What is the Difference Between Assessed Value and Market Value?

Lamacchia Realty

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

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Non-Arms Length Sales for Appraisers

Appraisal Today

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. Therefore, the final price may not reflect the market value of the property.

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Using Equity To Buy A Second Home

D Fritz Appraisals

What Is Home Equity? Home equity is a homeowner’s financial stake in their property. It represents the difference between what they owe on their home and its current market value. Using equity to buy a second home can be attractive for those looking for additional real estate investments.

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Say What? Home-Buying Lingo You Should Know

Zillow

Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer. A closing is usually attended by the buyer, the seller, both real estate agents and the lender. Closing costs : Fees associated with the purchase of a home that are due at the end of the sales transaction.

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What’s a House Worth? Wall Street Turns to Drive-By ‘Appraisals’

Realtor

Luke Sharrett for The Wall Street Journal When Blackstone Group LP wanted to borrow hundreds of millions of dollars to buy foreclosed homes after the housing crash, it needed a quick, inexpensive way to value thousands of houses the investment firm already owned and was offering as collateral. It never did, said Ms.

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What’s a House Worth? Wall Street Turns to Drive-By ‘Appraisals’

Realtor

Luke Sharrett for The Wall Street Journal When Blackstone Group LP wanted to borrow hundreds of millions of dollars to buy foreclosed homes after the housing crash, it needed a quick, inexpensive way to value thousands of houses the investment firm already owned and was offering as collateral. It never did, said Ms.

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What’s Included in Closing Costs?

PennyMac

This cost will depend on how much your insurance will cost per month, but it’s usually about $35 for every $100,000 in home value. If you’re buying a house built before 1979, you run the risk of lead-based paint in the home. Lead can cause many health problems, and it can be dangerous to have in your home. Property Tax.