Market Value Versus Appraised Value - What’s the Difference?

Whatever it is, the way you tell your story online can make all the difference.

When discussing the value of an Atlanta home, you'll hear the terms market value and appraised value – so, what's the difference?⁣
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Market value is the price a buyer is willing to pay for a property, and the appraised value is the professional opinion of an appraiser.⁣

One thing that often surprises people is that these 2 values are not always the same. If buyers are few and far between when you list your home, there's a chance the market value will be lower than the appraised value. On the other hand, if you're seeing a ton of interest in your home from multiple buyers, you may find that the market value is higher than the appraisal value.
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Once your home is under contract, an appraisal will most likely need to be done. Mortgage companies require an appraisal because they need to verify that the home is worth the purchase price.⁣
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Does all of this talk about home value have you curious what your home in the Atlanta area is worth? Shoot me a message, I'd love to help!⁣