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Palm Coast Home Prices: Difference between list, sales and appraised.
By admin | July 14, 2008
Question: Can you explain the difference between sales price, list price and appraised value?
Answer: The appraised price is the price that a certified appraiser estimates the property being worth. The certified appraiser bases their price on the property condition, the value of similar properties in the same or similar neighborhood, previous value and plus other factors.
The sale price is the price you are offering for the property, or the price a property is actually sold for.
The list price is the seller’s asking price, the price the seller is advertising the property for sale as. Sometimes sellers price their properties high, low and in between depending on what they hope to get, their negotiation strategy and what they actually think the property, or home is worth.
Topics: Real Estate Questions |