When selling any property, it’s important to know the value. There are two different ways of assessing the value, and those are the market value and appraised value. While they may sound the same, they are very different and need to be understood in great detail.

Market values are a general assessment that is based on a number of factors without ever really taking a good look at the home in question. However, appraised values involve an expert appraiser that comes in and gives the exact value on the home based on a large number of factors.

Multiple appraisers will likely land on a values that don’t differ greatly from one another if they are all looking at the same thing. However, market values can fluctuate from one to another depending on the data that was collected.