{"id":5330536,"date":"2026-03-02T18:36:18","date_gmt":"2026-03-02T17:36:18","guid":{"rendered":"https:\/\/ker2000.com\/?p=5330536"},"modified":"2026-03-06T10:39:02","modified_gmt":"2026-03-06T09:39:02","slug":"difference-between-appraisal-value-and-market-value","status":"publish","type":"post","link":"https:\/\/ker2000.com\/en\/difference-between-appraisal-value-and-market-value\/","title":{"rendered":"Difference between appraisal value and market value"},"content":{"rendered":"

When we embark on the purchase or sale of a property, and when we go to apply for a mortgage, the same question always arises for everyone: Why doesn’t the appraised value match the market value?<\/strong> Understanding the difference between appraised value and market value is complex, but understanding it is also important because it can save you from unpleasant surprises, allow you to negotiate better, and, above all, prevent a deal from falling through at the last minute due to financing issues.<\/p>\n

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Quick explanation<\/h2>\n
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    • Market value<\/strong>: This is what people are willing to pay today for a similar property in that area.<\/li>\n
    • Appraisal value<\/strong>: This is a technical valuation performed by an appraiser, used primarily for mortgages.<\/li>\n
    • Sale price<\/strong>: This is what is ultimately agreed upon between the buyer and seller.<\/li>\n
    • It’s normal for them not to match; the important thing is to know why and what to do in each case.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div>\n

      What is the market value of a home?<\/h2>\n

      Market value is a realistic estimate of how much a home could be sold for at the present time, taking into account supply and demand. It is usually based on comparisons: similar homes recently sold or currently for sale, location, condition of the property, floor, whether or not it has extras (elevator, garage, terrace, storage room), orientation (interior or exterior), whether it has recent renovations, energy efficiency, etc.<\/p>\n