Assessed vs Appraised (Know the difference)
Are you selling your home? What is your home worth? Most people need to know the difference between Assessed vs Appraised.
Many people feel that their homes are worth at least what these are assessed at by the county assessor's office. Keep in mind that this number is used to generate taxes and is also generated based on the prior year.
Do not confuse an assessment with an appraisal. You should also be aware that a real estate agent or broker can not give you an appraisal on your home.
Only a licensed appraiser can generate a cost approach or property comparison appraisal for you.
This is much more accurate than the normal CMA that an agent or broker generates on a property. Very often this is a valuable tool in selling your home and I have advised some clients to consider this if they are having a difficult time selling their home in the current market.
If you are looking to sell your Charlottesville Real Estate you need to know the facts about value.
Let's get it sold!
