• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Valence Realty Group

Chuck & Cyndy Valence, Broker/Owners
Serving the Greater Orlando Area

Login/Register Chuck (407) 797-5034 | Cyndy (Spanish) (407) 810-3434
  • Home
  • Property Search
    • Search MLS
  • Buyers & Sellers
    • Buyers
      • Your Home Buying Packet: Guide for First Time Home Buyers
    • Sellers
    • Military & Veterans
    • What’s My Home Worth
    • Mortgage Calculator
  • Vendor List
  • Our Team
    • Agents
    • Designations and Certifications
    • Testimonials
  • Contact

What is Appraised Value?

August 18, 2015 by cvalence

 

  • Appraisals provide an objective opinion of value, but it’s not an exact science so appraisals may differ.
  • For buying and selling purposes, appraisals are usually based on market value — what the property could probably be sold for. Other types of value include insurance value, replacement value, and assessed value for property tax purposes.
  • Appraised value is not a constant number. Changes in market conditions can dramatically alter appraised value.
  • Appraised value doesn’t take into account special considerations, like the need to sell rapidly.
  • Lenders usually use either the appraised value or the sale price, whichever is less, to determine the amount of the mortgage they will offer.

 

Used with permission from Kim Daugherty, Real Estate Checklists and Systems, www.realestatechecklists.com

 

Filed Under: Buyers, Sellers

Primary Sidebar

Cyndy & Chuck Valence

Valence Realty Group

Greater Orlando Area REALTORS®
Chuck (407) 797-5034
Cyndy (Spanish) (407) 810-3434
Contact Us
Listing Alerts Market Reports Your Home's Value

Footer

Valence Realty Group

Chuck (407) 797-5034|Cyndy (Spanish) (407) 810-3434
Contact Us
  • Email
  • Facebook

sitemap   •   admin   •   ©2025 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com