Latest / The Living Elevated Show: Smart Moves, Bilingual Voices
The Difference Between Market Value and Appraised Value
This podcast transcript featuring real estate expert Alex Parmenidez examines the fundamental discrepancies between market value and appraised value. While buyers often determine price based on emotional attachment and current market demand, banks rely on objective data and comparable sales to justify a loan amount. When these two figures do not align, an appraisal gap occurs, which can potentially derail a real estate transaction. The source advises sellers to utilize realistic pricing strategies based on statistical evidence rather than speculative trends. Ultimately, understanding these…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.