Tag Archives: assessed value of a home

The Difference Between Appraisal And Assessment Values

When buying or selling a home, you sure learn alot of new words.  ARM, loan limits, adjustments, mortgage interest adjustment, buyer agency….the list doesn’t end. However, there are two terms that you will always hear which you need to pay attention to:  Appraisal and Assessment.  These processes are a must to complete a home purchase and are often deciding factors for buyers and sellers.  William Tierney, an associate at William Raveis Scituate , provides and explanation, as well as a contrast between the two terms.  For more of William’s awesome advice, check out his blog.   Continue reading