Contact Information

Richard
Richard Martin Realty
1920 E. Rochelle Rd
Palm Springs, Ca, 92262
Office: 760-416-7777
Cell: 760-578-8472
Email Me
Lic. #: 01212139
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Palm Springs Houses Under $500,000
                                 Over $500,000
Palm Springs Condos Under $250,000
                                 Over $250,000
Palm Springs Luxury $800k to 1.2m
                                 $1.2M to 2.0M
                                 $2.0M PLUS

market value vs. appraised value | Print |

What is the difference between market value and appraised value?

The appraised value of a Palm Springs, California 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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Last Updated ( Wednesday, 30 July 2008 )
 
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