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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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Home Appraisals vs Online Home Value Calculators

D Fritz Appraisals

Home Appraisals and Online Home Value Estimates Are NOT the Same Thing. On-site vs. Online: Proper Home Appraisals Need to be Done in Person. With so many types of transactions solely being handled online these days, it’s tempting to want to complete your required home appraisals entirely online and leave it at that.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Read on for more information about how a home appraiser determines the value of your property. What is a Home Appraisal and Why is it Important? A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property.

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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 Included in Closing Costs?

PennyMac

An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. Some lenders require you set aside a few months of property tax and mortgage payments in an escrow account as part of your closing costs. Property Tax. 0.50% of your loan value.

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Important Mortgage Acronyms

Assurance Financial

Instead of writing a check to put down your earnest money, you can send it to your real estate agent using an ACH. FMV (Fair Market Value). A home’s fair market value or FMV is the price it would sell for under normal conditions. PITI (Principal, Interest, Taxes and Insurance).