There is only one absolute method of determining the value of your home. Appraisers have to be conservative to protect themselves and also to satisfy the lenders who don’t want to over mortgage a property. Appraisals take into consideration the recent neighborhood sales and are usually substantially less than the actual eventual sale price 99% of the time.
Value is determined by a variety of circumstances not the least of which is price, supply/demand, location, condition of home, market conditions and availability of qualified buyers. The accurate Value of a home is what someone is willing to pay and what someone is willing to sell for today. This happens every day!!!
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