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The owner of the home can ask anything they want for a home. An appraiser is just guessing what they think the home is worth. If you got 5 different appraisers you would get 5 different amounts that the home is worth. Use your own judgment.

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13y ago

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How home purchase price affect appraisal value?

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.


How do you calculate the yield of a Treasury bill?

To calculate the yield of a Treasury bill, you can use the formula: Yield (Face Value - Purchase Price) / Purchase Price (365 / Days to Maturity). This formula takes into account the difference between the face value and purchase price of the bill, the number of days to maturity, and the number of days in a year.


How do you calculate the yield on treasury bills?

To calculate the yield on treasury bills, you can use the formula: Yield (Face Value - Purchase Price) / Purchase Price (365 / Days to Maturity). This formula takes into account the difference between the face value and purchase price of the treasury bill, the number of days to maturity, and the number of days in a year.


How does a house appraisal affect taxes?

A house appraisal can affect taxes by influencing the assessed value of the property. If the appraisal shows a higher value than before, property taxes may increase. Conversely, a lower appraisal value could lead to a decrease in property taxes.


How does a home appraisal affect taxes?

A home appraisal can affect taxes by influencing the assessed value of the property. If the appraisal results in a higher value than the previous assessment, the property taxes may increase. Conversely, if the appraisal shows a lower value, the property taxes may decrease.

Related Questions

How home purchase price affect appraisal value?

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.


What is the purpose of a business appraisal?

A business appraisal may need needed for several reasons. Primarily, it can be used to determine the sale or purchase price of a business. But, it can also be used to assess the worth of intangible assets, or determine the price or fair value of shares that are not publicly traded.


What is the definition of valuation?

It is the act or process of assessing value or price; an appraisal.


Is sales tax on a car purchase price or car value?

Sales tax is on the purchase price not the value.


What is the difference between actual jewelry value and appraisal?

The actual value of a piece of jewelry is the current price the market will determine if the jewelry is sold today. An appraisal is an estimated price the jewelry will sell for if the market and demand is ideal.


Is the adjusted sales price on a home appraisal the sale price?

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.)


What is the purchase price of a bond called?

The purchase price of a bond is called the "face value" or "par value" of the bond. This is the amount that the bond issuer agrees to repay the bondholder at maturity.


How can an appraisal help the value of commercial real estate?

An appraisal would help determine the correct and most accurate value of a property. Ensuring that no revenue is lost, and the correct price bracket is used depending on location, condition and previous prices.


What is the resale value of 22kt gold jewelry in Indian market?

the resale value is determined by the original price of gold in market - manufacturing cost - service tax at the time of purchase or you can take the purchase price of gold - 20% of that price.


How long does the purchase price of the home continue to be the value versus appraised value?

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.


Which is a procedure that quantifies the personal value of a purchase?

the purchase price is calculated as a certain number of working hours.


How do you determine value of a Morgan silver dollar minted in New Orleans in 1901?

You can either look up the value in a price guide, such as an online listing or a publication like the Red Book, or you can bring it to a coin dealer for an appraisal. The 1901-O Morgan is a common date so its value is on the low end. It's worth at least $22 for its silver content, and up to about $30 in uncirculated condition.