{
  "url": "sellingrealestateflorida.com/faq/what-s-the-difference-between-appraised-value-and-market-value-for-a-luxury-home",
  "name": "What's the difference between appraised value and market value for a luxury home?",
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      "name": "What's the difference between appraised value and market value for a luxury home?",
      "@type": "Question",
      "acceptedAnswer": {
        "text": "Appraised value is a professional, independent estimate of a property's worth, primarily used by lenders to ensure the loan amount doesn't exceed the home's value. It’s based on specific criteria and comparable sales, often following a conservative approach. Market value, conversely, is what a willing and informed buyer would pay and a willing and informed seller would accept in the current market, which can sometimes be higher, especially in a competitive luxury segment. While an appraisal provides a factual baseline, market value also considers intangible factors like exclusivity, unique demand, and perceived lifestyle in locations such as Fisher Island or Coconut Grove.",
        "@type": "Answer",
        "description": "Appraised value is a lender-focused estimate, while market value is what a willing buyer and seller agree upon in the current market, often considering intangible luxury factors."
      }
    }
  ],
  "description": "Appraised value is a lender-focused estimate, while market value is what a willing buyer and seller agree upon in the current market, often considering intangib"
}