Tom Hassan, 604-809-9777, West Vancouver Real Estate
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Property Value


What Is the Difference Between Market Value and Appraised Value?


The appraised value of a house is a certified appraiser's opinion of the worth of a home at a given point in time. Lenders require appraisals as part of the loan application process; fees range from $200 to $300.

Market value is what price the house will bring at a given point in time. A comparative market analysis is an informal estimate of market value, based on sales of comparable properties, performed by a real estate agent or broker. Either an appraisal or a comparative market analysis is the most accurate way to determine what your home is worth.
 

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Prudential Sussex Realty - Tom Hassan
2397 Marine Drive - West Vancouver - Canada - V7V 1K9
Cell: 604.809.9777 - Office: 604.925.2911 - Fax: 1.866.468.4022



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