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Don't Miss this Beautiful Chalet on 2 Acres
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Stylish Luxery
Front
Stunning Tudor Style Home
Darryl Unrau
Realty Executives First Choice
559 St Marys
Winnipeg, MB, R2M 3L6
Office: 204-784-3366
Cell: 204-997-1911
Fax: 204-885-8990
difference between market value and appraised value | Print |

What is the difference between market value and appraised value?


The appraised value of a house is a certified appraiser's opinion of the worth of a home at a given point in time. Lenders require appraisals as part of the loan application process; fees range from $200 to $300.
Market value is what price the house will bring at a given point in time. A comparative market analysis is an informal estimate of market value, based on sales of comparable properties, performed by a real estate agent or broker. Either an appraisal or a comparative market analysis is the most accurate way to determine what your home is worth.
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Rent vs. Buy Calculator

Am I better off renting or owning? This calculator will show you the financial differences between the two.
$   Current Rent
  % Est. tax bracket
$   Purchase Price
  % Down Payment
  % Interest Rate
    Mortgage Term (Years)
    Your Monthly Payment
$   Yearly Taxes?
$   Yearly Insurance?
    Total PITI
    How long will you own (typ. 7 yrs)

$   This is your rent over the period
$   This is mortgage over the period

REAL calculator

Calculate your mortgage repayments:

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Down payment: $
Annual interest rate: %
Term of loan: years

Total interest:
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