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109 Greystone Drive Franklin TN 37069
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4862 Bethesda Duplex Road College Grove, TN 37046

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Brandon Patrick
Reliant Realty
256 Seaboard Lane E105
Franklin, TN, 37067
Office: 615-724-7071
Cell: 615-578-7507
thepatrickgroup@gmail.com
www.BrandonPatrick.com
Lic. #: 257858
difference between market value and appraised value | Print |

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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