Resource Video: Buyers Edition

Fair Market, Appraised and Assessed Value

Today’s video centers on those tricky terms of Fair Market, Appraised and Assessed Value. They exercise an important role in determining how much your home is worth but who regulates these features?

Fair Market is determined by a Realtor, Appraised Value is determined by a licensed professional appraiser while Assessed Value is determined by the local government. An interesting fact is that the Assessed Value is typically lower than the Fair Market and Appraised Value of a property. After watching our video, make sure to get in contact with a Shorewest, REALTOR® if you have any more questions.

Buying and selling a home does not need to be complicated! Whether you are a first time buyer or selling your existing home, we have gathered the most frequently asked questions and created easy to understand videos. These resource videos cover topics such home warranties, typical closing costs for sellers, understanding seller disclosures, home staging, tips for first time home buyers, choosing a 15 or 30-year mortgage and more! Check back regularly for your video resource on all home related topics! #ShorewestRealtors #ShorewestFamily #ResourceVideos

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