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Deduct your mortgage balance(s) from the appraised value of the house. The remainder will be your equity.
The Fair Market Value (FMV) and the appraised value would largely be the same. The FMV is what the market would pay (arm's length transaction). The appraised value is the value an appraiser will put on the property by finding three other properties that have recently sold and are considered so similar they are comparable for determining the value. The appraised value is not the tax value or the tax assessed value.
You add the two loans together and subtract them from the appraised value of the house. This will give the dollar amount of equity left. Adding the 2 loans together and divide by the appraised value will give you the percentage that is left. You should have received a copy of your appraisal at your closing.
You can take it to a coin dealer and have it appraised.
It usually doesn't unless but sometimes the purchase price may be lower than the appraised value because demand is low or the seller is anxious to get rid of the house and willing to take a loss.
You need to insure it at replacement cost not value or appraised value. Call your agent.
Deduct your mortgage balance(s) from the appraised value of the house. The remainder will be your equity.
Land has value and can absolutely be appraised by a licensed appraiser.
You will have to get it appraised to find out.
no. the sale price is whatever the two parties agree on. The appraised value is just that, a value that someone appraised the value to be. (Although the lender does put more value on the appraised value than on any other.)
You get it appraised.
The purchase price of the home is not the value of the home. It is what you paid for the home. The value of the home is the appraised value. A lender would look only at the appraised value of a home for lending purposes. If you paid more or less for the home, that is on you.
You might want to consider rephrasing the question but if the house is appraised at "X" amount no one is interested in buying, that usually means its priced above market value, and there just isn't enough demand.
1. 80/100 = 90,000/x or (80 is to 100 as 90k is to house value) 2. 80x = 9,000,000 3. x = 9,000,000/80 4. x = 112,500
to get a value, you must have it professionally appraised.
The definition of the word appraised generally means to assess the value or quality of something. If something is set a price by an expert, this is also known as being appraised.
The cast of Appraised Value - 2009 includes: Al Ghanekar as Erit Amber Gnemi as Tina Angelica Mendoza as Madison