home prices

October 11, 2017

What’s the Difference Between Market Value and Assessed Value?

When you’re trying to put a price tag on your home, determining its value is a given. But, what is value exactly? Two types of “value” will come up in the conversation around selling your home: assessed value and market value. They may seem similar but the numbers can be different, and they’re used in distinct ways. Understanding the two will give you an advantage as you sell your home. What Is Market Value? Market value refers to the likely price that a property will sell for, or what a buyer is willing to pay for. Market value can be based on many factors, like location and exterior and interior aspects, including lot size, condition of the home, energy efficiency, […]