appraised value
Estimated market price
Appraised value is the estimated worth of property as determined by a professional appraiser.
The term appears most often in real estate and insurance contexts: The appraised value came in lower than the asking price.
Banks use appraised values to determine how much they'll lend on a mortgage.
Unlike market value, which reflects what buyers actually pay, appraised value is one expert's formal assessment based on comparable sales, condition, and other factors.
- assessmentFormal evaluation of worth
- worthDegree of importance
- estimateInformed guess at quantity
- priceMonetary value assigned
- propertySomething owned or inherent
real estate · real estate agent · home · curb appeal · mortgage · equity · inspector · comparable · insurance · tax assessment · bidding · underwriter · listing · collateral · depreciation · appreciation · square footage · neighborhood
- mortgage termsmortgages, home loans, foreclosure, lien, interest rates
- Valuationmarket cap, market capitalization, estimate, worth, market price
- valuationsestimate, expert opinion, replacement cost, net worth, comparable sales
- Asset Valuationstraight-line, amortization, useful life, replacement cost, acquisition cost
- Financial Values
- property taxproperty tax, real estate tax, property tax bill, tax bill, property tax law
appraised valuesale price
Discounted retail amount
selling price · purchase price · asking price · list price · sticker price
appraised valuegut feeling
Instinctive sense about something
wild guess · ballpark figure · rough estimate · unevaluated · unassessed
appraise, appraised, appraises, appraising, appraisal, appraisals, appraiser, appraisers, value