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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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Demystifying Closing Costs: What Home Buyers and Sellers Should Expect

Eppraisal

Let's delve into the intricacies of closing costs, what they entail, and how they impact both buyers and sellers. Closing costs are fees and expenses associated with finalizing a real estate transaction. What are Closing Costs?

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Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

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5 Mistakes to Avoid When Selling Your Home

Appraisal Hub

It will likely stay on the market for longer, which can result in additional carrying costs, such as mortgage payments, property taxes, and maintenance expenses. You might even end up selling your home for less than its true value just to get it over with, which means you lose out financially.

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Square footage: Ask three professionals, get three different answers.

Padove Appraisal Service

The real estate agent you are working with tells you the house is 2,200 square feet. The local tax assessor indicates that it’s 2,350 square feet. A real estate agent’s job is to market homes. These sources include the tax assessor, the seller, or the listing agent.

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Say What? Home-Buying Lingo You Should Know

Zillow

Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur. 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.

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Buying A Foreclosed Home In 6 Steps

Quicken Loans

But if you work with a real estate agent who understands your local foreclosure market, the stress shouldn’t be much higher than during a traditional home buy. Even if the sellers agree to your offer, their bank or lender might reject it if it’s too low. Buying A Government-Owned Property.