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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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How to Appeal Your Property Taxes in King County

Will Springer Realtor

Residential property is assessed each year at its full market value, which is defined as the amount a buyer, willing but not obligated to buy, would pay to a seller willing but not obligated to sell. A large part of each property tax dollar goes to pay off construction bonds for school buildings and other public projects.

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26 Reasons to Get an Appraisal

Realvals

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes.

Appraisal 145
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Financing Options for First-Time Homeowners

Eppraisal

Conventional Mortgages Conventional mortgages are home loans not insured by the federal government. Lenders can easily resell these loans to investors on secondary markets and get them off their books. On the contrary, nonconforming or jumbo loans are too expensive for government-sponsored entities to guarantee.  If

Finance 69
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Why You May Need a Commercial Property Appraisal

East Coast Appraisal

A commercial property appraisal has numerous benefits to all players in the real estate industry. Property owners, sellers, renters, buyers, and even mortgage companies can all benefit from commercial property appraisals. Below are some reasons to commission commercial property appraisals. Tax Assessment.

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Why Do Home Appraisals Cost so Much?

AmeriMac

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. Typically banks only issue a loan up to the fair market value of a house. If appraisals show a reduction in the home’s value, borrowers may no longer be eligible for one.

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Why Do Home Appraisals Cost so Much?

AmeriMac

Before buyers and sellers complete their purchasing, refinancing, or selling process, they must get an appropriate home evaluation. Typically banks only issue a loan up to the fair market value of a house. If appraisals show a reduction in the home’s value, borrowers may no longer be eligible for one.