10/08/2026
Market value and appraisal value may sound similar, but they can mean two different things when you're buying a home. π
π Market Value: What a buyer is willing to pay for a home based on current market conditions
π Appraisal Value: A licensed appraiser's professional opinion of the home's value based on factors like condition, location, and comparable sales
Understanding the difference can help you navigate the homebuying process with confidence!
Have questions about how an appraisal could impact your loan? We're happy to help! π