Home Appraisal vs Market Value
Many homeowners assume appraisal value and market value are the same. In reality, they can differ.
An appraisal is an objective valuation performed by a licensed professional, while market value reflects what buyers are willing to pay.
Appraisal Value
A professional appraisal considers:
Comparable sales
Property condition
Market trends
Location
Market Value
Market value can fluctuate depending on buyer demand and inventory levels in San Diego.
Why the Difference Matters
Understanding this difference helps homeowners price their property correctly and avoid issues during escrow.