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Understanding the Difference Between House Evaluations and Home Value
January 30, 2010 by spencer · Leave a Comment
Perhaps people use the terms house evaluation and home value interchangeable, but there is a difference between them. Appraisals or valuations in the United States are done according to the Uniform Standards of Appraisal and Practice or USPAP. What is actually sought through an appraisal is to establish the market value of a property. Market value is what a particular appraiser establishes, and price is what a particular buyer is willing to pay for the home.
Here is a link to all the information
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