Quote:
Originally Posted by Hollytree
True, appraisers are supposed experts on market value. However, as we know, the value of a house is what a buyer is willing to pay.
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I know what you mean, but "value" and "price" are two different things. People pay more--and less--than a property is worth all of the time.
As an example, an uninformed Seller may ask far less than a property is worth. A Buyer is certainly willing to pay that price, but that does not mean that the house is then only valued at that amount.