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Market vs appraised value ?

I have a 2018 manufactured home, getting divorced, spouse wants to buy my half. Appraised at 142k I want to sale for market value. Thinking I would get more. He states the appraised is same as market.
Asked By Tamara Z. | 696 views | Tips Advice | 3 years ago
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Rising Star
26 Answers
Spirit Messingham

Tierra Antigua Realty

(125)

I can't speak for your market, but here in Arizona the market value has far exceeded the appraised value. An appraisal is a statement of opinion of the properties value. Where the market will tell us what the price is when a property gets into a bidding war and sells $6 figures over asking price (which is happening in many parts of the country currently). Best of luck, Spirit
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Rising Star
16 Answers
Alfred Galvan

eXp Realty of California

(34)

Hi Tamara, it just depends on who you hire, the agent needs to know the market. Right now it's time to sell, buyers are paying over the asking price click on my bio if you need more hello I can answer questions more in-depth.

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Novice
9 Answers
Amy Quimby

CENTURY 21 Judge Fite Company

(33)

Nothing surprises me in this market. What city/state is your home in? How much land? Is it a single, double, or triple wide? Have you made any upgrades to your home? I am happy to send you site-unseen offers from 3 large investment firms. Honestly, I believe you would receive more by listing on the MLS....but you just never know. Amy Quimby 817-564-3878
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Jeffrey Haynes

CENTURY 21 Island Homes

Hi Tamara, Appraised value is one Appraiser's estimate/opinion on the current value of the property. Appraisers are human and you could potentially hire 5 different appraisers and get 5 drastically different opinions of value. Market value is what happens when your home is publicly listed and multiple ready and willing buyers are able to submit offers. Market value is usually equal to or greater than appraised value in this current market. I recommend discussing your situation with a licensed real estate agent in your area to help you decide if the gap between appraised and market value is worth it. Good luck!

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