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Distressed Properties as Comps?

Many of our real estate appraisal clients in Maryland have asked us if we use distressed properties (short sales and foreclosures) as comparables when doing an appraisal on non-distressed properties. The Appraisal Institute issued a paper on the subject which we feel explains the situations and circumstances when the use of distressed property sales is warranted. In […]

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Market Value vs Assessed Value

Market Value Vs. Assessed Value

A property’s market value is typically higher than its assessed value. Houses are valued for different purposes. Counties collect money from homeowners as real estate taxes that are calculated, or assessed according to the properties tax values. In contrast, a buyer and seller of a home must agree on a transaction price before they can […]

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