What is the difference between list and sales prices, and how do they relate to the appraised value?
The list price is the advertised price a rough estimate of what the seller would like to get for a home. Be aware that sellers can set the lsit price higher or lower than what they’re expecting to get, so compare prices in the area to see how a particular listing measures up. The sales price is the actual price the buyer pays for the home. And the appraisal value is the estimated worth of a property determined by a certified appraiser, based on criteria such as the property’s condition and comparabel sales. A good real estate agent should also be able to help you determine fair market value!
