Wednesday, December 11, 2019

Appraised Value in the LBI NJ Real Estate Market

Appraised Value in the LBI NJ Real Estate Market




Long Beach Island Real Estate Appraised Value

The appraised value of a home in the Long Beach Island real estate market is an opinion of value based on the findings of a licensed real estate appraiser for a home. This appraised value is based on comparable sales and how those similar sales relate to the house being appraised, also known as the subject property. Based on these comparable sales, the appraiser will make adjustments and determine the estimated value of the home. This is most commonly found when buying a home with a mortgageBuyers and sellers should both understand how appraised value can impact a Long Beach Island real estate transaction.

By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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