PEGGY ALLEN, ABR, CRS, GRI 

Integrity, Innovation, Loyalty  

   YOUR REAL ESTATE CONSULTANT

 LICENSED IN IOWA AND ILLINOIS 

RE/MAX BI-STATE - 901 E KIMBERLY ROAD - OLD TOWN MALL  -  DAVENPORT, IOWA 

1-563-359-3898   Home        -       1-563-349-0100   Cell       -       1-563-388-0008   Office       -       1-563-388-0008   Fax  

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. 

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