Marc J Realty

When discussing the value of your home, you will typically hear the terms 𝚊𝚙𝚙𝚛𝚊𝚒𝚜𝚎𝚍 𝚟𝚊𝚕𝚞𝚎
and 𝚖𝚊𝚛𝚔𝚎𝚝 𝚟𝚊𝚕𝚞𝚎 – so what is the difference?

Market value is the price a buyer is willing to pay for a property, and the appraised value is the professional opinion of an appraiser, hired by the lender when obtaining a mortgage. The appraised value of a property can often differ significantly from the market value of a home, especially in today's hot market with multiple offers and bidding wars.

An appraisal is a property valuation that is determined based on recent sale prices of homes in the surrounding area or neighborhood. An appraisal can ultimately influence a home's sales price because it is in place to determine the amount of financing you can obtain through a mortgage. Mortgage companies require an appraisal because they need to verify that the home is worth the price you are paying for the home, and it is conducted as a safeguard that helps ensure lenders don’t extend loans for more than homes are worth.

In our current market, appraised value versus market value has come up more than ever before. It is important that your agent educates you on the difference between the two, as it can cause serious issues if the appraisal comes in lower than the purchase price.

Whether you are thinking of buying or selling, I would love to be your resource and advocate. Give me a call or shoot me a message, I would be happy to answer any and all questions you have about the process!

You’ve searched for and found the perfect place to call home — congratulations! 🎉 Few things are more exciting than becoming a homeowner, but it is also one of the largest financial investments you'll ever make, which is why it's important to start off on the right foot. Here are my go-to tips for those first few weeks in your new home that can save you time, money, and effort later down the road.

✔️ Get to know your neighbors.
Meeting your neighbors is one of the most important things you can do once you move in. After all, you never know when you’ll need a good neighbor to grab the mail or water the plants when you’re out of town (or when you may need a few eggs for the brownies you're making at 8:30 pm).

✔️ Paint first!
There’s nothing more inconvenient than having to paint a home while you’re living in it. Schedule the movers a few days after closing occurs so that you have time to give your new home a deep clean and paint the main living areas.

✔️ Change the locks before you move in.
There’s no telling how many people have a key to your home – from former homeowners to babysitters, neighbors, pet sitters, etc. it can be a lot. You can either hire a locksmith or buy and install a new, electronic deadbolt.

What's one thing you wish you would have done before you moved into your first home? Let me know in the comments!

ℝ𝕖𝕞𝕚𝕟𝕕𝕖𝕣!

Your monthly homeowner to-do list. ✔️📋

Don't forget to dust and clean your ceiling fans and blinds regularly to help create a cleaner environment in your home. Not only will this help prevent dirt and dust mite buildup, but it will also greatly reducing seasonal allergens!

Save this post for later and pick 1 or 2 off the list every weekend! What are you tackling first?