Appraised Value

Appraised Value Definition

Appraised value is value given to a property by a certified and licensed real estate appraiser.


This value is usually established by using surrounding comparables and similar properties in a certain area and mile radius which have sold during a recent time.

Appraisals are deemed the final certified amount a property is worth and used by banks, insurance companies, and brokers to determine a suitable price point.

Appraisals could always be disputed but rarely do they get adjusted unless there are good comparables given when disputed.


Martha Gaffney


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