Thursday, September 13, 2018

What is the difference between fair market value, appraised value and assessed value?



Throughout the course of performing several closings recently, many customers have had difficulty trying to distinguish between the concepts of “fair market value”, “appraised value” and “assessed value” as they relate to their home. So to assist them (and you), I will try to explain the differences between these three concepts, for in this economic climate, the distinctions between the three can be rather confusing.



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