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It is probable that the appraised values will be less than the current amounts being booked by the banks.
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If you go to an appraiser, they are often prepared to pay you whatever the appraised value is which often leads to low appraisals, but at least that's an acid test.
At a school board meeting on Tuesday, Ms. Raquet announced that an appraisal had been completed but declined to make public the appraised value of the entire 3.79-acre elementary school property or of the 100-by-280-foot parcel the library wants.
At the extremes, in 121 instances, the appraised value was more than double the sale price, and in 132 examples, the appraisal was less than 70 percent of the sale price.
Some banks will lend up to 100percentt of the appraised value, but that means buyers will need to come up with the difference between the appraised value and the agreed-upon price.
He bought it for $1.3 million, about the appraised value of the 15 acres.
The appraised value of the house to be purchased can range as high as $259,350.
"It's a kind of insurance based on the appraised value of the house".
More often, the buyer and seller meet halfway between the original price and the appraised value.
The appraised value, he adds, is "the retail value for insurance purposes".
The starting bid has been set below the appraised value to generate interest.
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CEO of Professional Science Editing for Scientists @ prosciediting.com