5 Reasons Why The Assessed Value of Your Home Might Differ From The Market Value

Assessed value is based on past sales, while market value focuses on current trends. This means that the assessed value of your home may not take into account changes in the housing market that could have an impact on the value of your property.
Assessed value considers factors like size, age, and location, while market value includes emotional appeal. The assessed value of your home is typically based on factors such as the size, age, and location of the property, as well as the condition of the home and any improvements that have been made. The market value of your home, on the other hand, factors in those items and also takes into account the emotional appeal of the property.
Assessed value may not take into account the condition of the property, while market value may factor in repairs or upgrades. The assessed value of your home may not take into account the condition of the property, such as the need for repairs or upgrades, while the market value may be influenced by these factors. This means that the assessed value of your home may not reflect the true value of the property in its current condition.
Assessed value typically only includes the value of the structure and land, while market value may include personal property. The assessed value of your home typically only includes the value of the physical structure and the land it is built on. Personal property, such as furniture and appliances, is not typically included in the assessed value. This means that the assessed value may not take into account the value of personal property, which could have an impact on the overall value of the property.
Assessed value may not consider location factors such as local schools and amenities, while market value may. The market value of your home may be influenced by factors such as the location of the property, the quality of local schools, and the availability of amenities, while the assessed value may not take these factors into account. This means that the assessed value may not reflect the true value of the property based on its location and surrounding amenities. It's important to keep in mind that the assessed value and market value of your home are not always the same. Understanding the differences between the two can help you make informed decisions about your property.

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At The Enriquez Group we strive to make our clients real estate transaction as seamless as possible.

We have built our team around our clients needs and pride ourselves on always compassionate, consistent and knowledgeable throughout the transaction process. Following this path has allowed us at The Enriquez Group to become one of the fastest growing teams in San Diego
As a young, aggressive team we are always implementing new ways and technologies to better serve our clients throughout the buying and selling process.

When you work with us during the buying process we will actively search for your new dream home.

On the selling side we incorporate a variety of social media outlets and techniques to make sure our clients are getting maximum exposure and in return netting the maximum amount of money possible.

One thing that makes my team and I unique is that we are always available, from the moment you meet with us until you're closed and beyond we want to be there for you every step of the way.

We service buyers and sellers in all price points, and promise the same level of customer service in luxury market to the first tie home buyer.
In real estate it’s about asking a lot of questions and figuring our what’s most important to your client

At The Enriquez Group its not important how many homes we can sell, its more important that we get our clients where they want to be.
We want our clients to leave feeling happy and satisfied, and build a relationship for life.

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