What is the difference between list price, sales price, appraised value and assessed value?
The list price is a seller’s advertised price, a figure that usually is only a rough estimate of what the seller wants to get. Sellers can price high, low or close to what they hope to get. To judge whether the list price is a fair one, be sure to consult comparable sales prices in the area. The sales price is the amount of money you as a buyer would pay for a property. The sales price is the amount a property actually sells for. It may be the same as the listing price, or higher or lower, depending on how accurately the property was originally priced and on market conditions. If you are a seller, you may need to adjust the listing price if there have been no offers within the first few months of the property’s listing period. The appraisal value is a certified appraiser’s estimate of the worth of a property, and is based on comparable sales, the condition of the property and numerous other factors. Assessed value is number the city or town comes up with to figure how much in taxes to
Related Questions
- I am buying a home in the Santa Barbara real estate market and want to understand the difference between list price, sales price and appraised value. Can you explain that?
- What is the difference between list price, sales price, appraised value and assessed value?
- What is the difference between list price, sales price and appraised value?
