
With a buyer heavy market as we are currently experiencing these terms come up quite frequently. Let us make it simple for you:
An appraised value is: an assigned value to a property by a professional appraiser. Most of the time this is done by the province.
The market value of a property is: decided by buyers, (we) as Realtors can perform a CMA (current market analysis) using systems in place which will give us the amount of money buyers willing to pay for your property.
If you’re seeing a ton of interest in your home from multiple buyers, you may find that the market value is higher than the appraisal value (this is the current market).




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