Understand the Difference between Assessed Value and Market Value

Real Home Value Calculator: Assessed Value vs Market Value

Understanding a home’s true market value is about more than pictures, software assessments and price-per-square-foot. Whether you’re a current homeowner thinking of selling or are house-hunting, it’s crucial you understand what factors affect home valuation. By partnering with a local market expert, sellers will avoid pricing their house out of the market (the kiss of death in real estate) and buyers will ensure they get a good deal on their next home.

So, how do you accurately calculate a home’s value? After all, the value a home is assigned by its town or county and the one it’s given when it’s listed are often dramatically different from one another. Which one is accurate and what does it all mean? Read on to learn more.

Assessed Value vs Market Value: What’s the difference?

When it comes to home value, you’ll often hear two terms, assessed value and market value.

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Find your Perfect Home with the Austin Board of Realtors’ Official Site

The Austin Board of Realtors has an official site where everyone who is not a broker or realtor can search the Multiple Listing Service (MLS).  You can find your next home, find out about open houses, or just poke around and see what activity is going on in a certain part of town.

Just go to this website: www.AustinHomeSearch.com

Once you arrive at the site it is similar to other search sites.  One the home page you will see a search box where you can enter the basic criteria for your search.  For a more detailed search you can click on the “Find a Property” tab near the top of the page inside the green banner and you will be able to enter more detailed search criteria. You can search by zip code, region, price range, number of bedrooms, number of bathrooms, and square feet to name a few.  You can also select the type of property such as single family home, condo, townhome, mobile home, etc.

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