Featured Listing

5 Bedroom Bucks County Pa Colonial Feasterville

5 Bedroom Bucks County Pa Colonial Feasterville
5 bed, 3.5 bath, 2250+ sf
$320,000

Featured Article

2015 April-Housing Update Its Good

Just Released-  Philadelphia and Bucks County April 2015 Video Market update from the PA MLS- Sales UP...  12% from Last year, but New Construction has a Long way...
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Happy Clients

Dave Kahlenberg- 6/2012- John & Sheri were my agents in buying the perfect home for my new family and invaluable in identifying excellent tenants to rent out my townhouse. They...
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What Is Appraised Value?

     

It’s 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 consider 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.