Phone: 724-847-3331
Fax: 724-847-3351
Western Pennsylvania's Premier Residental
and Commercial Sales and Management Company
Serving Beaver, Butler, Lawrence and Allegheny Counties
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Ann Miranda Properties
Phone:
724-847-3331
Fax:
724-847-3351
2671 Darlington Road
Beaver Falls, PA 15010
Appraisals provide an objective opinion of value, but it’s not an exact science so appraisals may differ.
For buying and selling purposes, appraisals are usually based on market value — what the property could probably be sold for. Other types of value include insurance value, replacement value, and assessed value for property tax purposes.
Appraised value is not a constant number. Changes in market conditions can dramatically alter appraised value.
Appraised value doesn’t take into account special considerations, like the need to sell rapidly.
Lenders usually use either the appraised value or the sale price, whichever is less, to determine the amount of the mortgage they will offer.
Used with permission from Kim Daugherty, Real Estate Checklists and Systems,
www.realestatechecklists.com