Why Does My Home’s Assessed Value Differ Compared to the Market Value?
Assessed value is the value that a local municipality uses to calculate property taxes, while market value is the price at which the property would sell under normal market conditions. The market value is what buyers are willing to pay when putting in an offer and is based upon comparable properties within the area in a specific timeframe.
When Are the Best and Worst Times to Sell a Home?
Research shows the best time to sell a home is during the late spring/ early summer months as many families are considering the school year during their relocation. May, June, July, and August account for 40% of total annual sales volume in the real estate market. On the contrary, January is the worst time to sell a home, as market activity is much lower during the colder months.