Before selling your house, its important to get a professional appraiser to give you a price that your house is worth. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that appraisals provide an objective opinion of value, but it’s not an exact science so appraisals may differ. For buying and selling purposes, appraisals are usually based on market value which is what the property could probably be sold for. Other types of value include insurance value, replacement value, and assessed value for property tax purposes. Remember that the appraised value is not a constant number. Changes in market conditions can dramatically alter appraised value. Check out below to see what sold in North Beacon Woods in August 2017:
20681 Woodbend Drive, Northville: 4 bedrooms, 2.1 bathrooms, 2,652 sq. feet, 2 car garage, Sold Price: $445,000
North Beacon Woods Home Sold
August 2017
Lenders usually use either the appraised value or the sale price, whichever is less, to determine the amount of the mortgage they will offer. For more information on North Beacon Woods, or similar Northville or Novi neighborhoods such as Parkstone, Woodside Village and Addington Park, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.