Real Estate Handbook

If you are selling your home, it must be priced within an appropriate range. In fact, you need to sell the property twice: first to your purchaser, and then also to the property appraiser. The buyer is usually more subjective and will compare the amenities in your home to where they live now or to other homes in the same range.

On the other hand, the appraiser will be more objective, and will compare the size, age, and cost-identifiable features of your home vs. other real estate properties in the area. Even the houses in the same area have different values also depending on the view, proximity to schools, churches or shopping centers.