Courtesy of Sam Robbins, REALTOR®

What is Appraised Value?

It’s 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 consider 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

Reprinted from REALTOR® Magazine Online by permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2003. All rights reserved.


Contact Information

Dale Sorensen Real Estate Inc Sam Robbins, Broker
Dale Sorensen Real Estate Inc
1961 14th Ave
Vero Beach, Florida 32960

Phone: 772-643-5255
E-mail: Click here / Website: REALESTATEOFVEROBEACH.COM


Home | The Boulevard Village & Tennis Club | Search Foreclosures | Short Sale Listings | 96.5% FHA Loans | House Values | Must Read Articles | Vero Beach for Sale | Sebastian For Sale | Relocating? | Mortgage Calculator | Real Estate Glossary | Real Estate News | Custom Helpful Links | About Sebastian Florida | Grand Harbor | Condos | Accommodations | Costa d'Este | Disney's Vero Beach Resort | Holiday Inn Oceanside Suites | South Beach Place | Homes on the Barrier Island | Condos on the Mainland | Grand Harbor Properties | Sea Oaks Properties | Orchid Island Golf & Beach Club | Homes on the Mainland | Vero Beach: Florida like it used to be' | Homestead | About Sam | Golf in Vero Beach | Our Area Listings | Consumer Protections | Vero Beach Activities | Hotels | First Time Home Buyers' Homes | Making Home Affordable Refinance Program | List your Home with Us | Let Us Help | 946 Reef Lane, Vero Beach Florida | Vero Beach Video | Boulevard Townhomes | New Calculator
rss

Equal Housing Opportunity. This material is based on information which we consider reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete and should not be relied on as such. This offering is subject to errors, omissions, change of price or withdrawal without notice.
Copyright |  Privacy |  Terms of use 
The information on this Website comes in part from the Broker Reciprocity Program (BR Program) of Realtors Association of Indian River County. Many of these properties are listed with brokerage firms other than Coastal Signature Properties, LLC. and are indicated as such. The source of this information is copyrighted and proprietary (Copyright 2008 Realtors Association of Indian River County and all rights are reserved). The accuracy of this information is not warranted or guaranteed and should be independently verified prior to relying on such information.