Market value is an estimate based on an analysis of comparable sales and other pertinent market data. 
Market price, on the other hand, is what a property has actually sold for - its sales price. Theoretically the market price would be the same as the market value.
The market value of a parcel is the most probable price that a property will bring in a competitive and open market, allowing a reasonable time to find a purchaser who knows all the purposes to which it can be adapted and for which it is capable of being used. Market value is not the average price or the highest price.
An appraisal is an estimate or opinion of value. I can prepare a competitive market analysis (CMA) which compares selling prices of homes that are similar to a particular property location, style and amenities. While a CMA is a good tool, ultimately it is the seller and the buyer that establishes the market price. The market price is the amount a buyer and a seller agree to transfer title of a property.
Many times I get questions about a re-finance appraisal that someone did a few months ago and when I go in and do a market analysis my idea to market the property is at a lower price than their appraisal they got for re-finance.
Many times a re-finance appraisal is more than one could expect to market the property for. The bank appraisal for a re-finance will many times be higher because the bank wants to lend as much money as possible on this and considers it a good risk. They figure the owners are re-financing probably going to stay in the property for a while and therefore allow the maximum. They realize you are already there living in the home and have more of a vested interest than a new purchase.
I hope this answers questions you may have about the market value and the market price of your property. I always welcome your comments and suggestions.
Have you ever seen the inside of an orange box? I have. I was visiting Clarke Creative Marketing & Printing Communication last week. They have a large variety of marketing solutions.
A lot of printers claim they can do it all but a lot of the time your work is outsourced and there is a mark up for designers. So you could pay 10-20% more. But Clarke has all the equipment and talent to handle your marketing under one roof.
This means errors and delays that would typically happen when as task 
is handed to an outside vendor is eliminated. We all know a chain is only as strong as it's weakest link. Well at Clarke the ARE THE CHAIN! They take full responsibility for your 
project.
Like my business, Clarke builds its business on building solid business partnerships.Their main mission is to help their clients BE BETTER, DO MORE
Pattie Stump is my buddy at Clarke. If you or anyone you know has a print marketing need give her a call. She can save you time and money and has the tools to help you meet your marketing objectives!
434-847-5661 115 Bradley Drive Lynchburg Virginia 24506
January Monthly Market Update
Sales Period: January 2008
Property Type Area Liv Area Units Sold Average List Price Average Sold Price DOM
Single family Lynchburg 1951 50 166,924 161,796 89
Campbell County 1723 26 159,811 152,275 108
Bedford County 2271 36 283,409 272,219 116
Amherst County 1998 21 178,390 173,635 95
Appomattox County 1463 5 154,120 144,500 256
A total of 138 properties sold the month of January 2008. That is down a little from January 2007 when 147 properties sold. And it has taken longer for homes to sell the month of January than in previous months. Once the spring gets here there is a much better opportunity for the activity to increase.
January Monthly Market Update
Sales Period: January 2008
Property Type Area Liv Area Units Sold Average List Price Average Sold Price DOM
Single family Lynchburg 1951 50 166,924 161,796 89
Campbell County 1723 26 159,811 152,275 108
Bedford County 2271 36 283,409 272,219 116
Amherst County 1998 21 178,390 173,635 95
Appomattox County 1463 5 154,120 144,500 256
A total of 138 properties sold the month of January 2008. That is down a little from January 2007 when 147 properties sold. And it has taken longer for homes to sell the month of January than in previous months. Once the spring gets here there is a much better opportunity for the activity to increase.
January Monthly Market Update
Sales Period: January 2008
Property Type Area Liv Area Units Sold Average List Price Average Sold Price DOM
Single family Lynchburg 1951 50 166,924 161,796 89
Campbell County 1723 26 159,811 152,275 108
Bedford County 2271 36 283,409 272,219 116
Amherst County 1998 21 178,390 173,635 95
Appomattox County 1463 5 154,120 144,500 256
A total of 138 properties sold the month of January 2008. That is down a little from January 2007 when 147 properties sold. And it has taken longer for homes to sell the month of January than in previous months. Once the spring gets here there is a much better opportunity for the activity to increase.
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You need an agent who will listen and strongly believes in working hard for you from beginning to end of the real estate transaction especially in today's competitive real estate market.
My vision is to create a strong referral based business with life long client relationships. I achieve this by guiding my clients through their major financial and emotional decisions with wisdom, understanding and exceptional service. Honesty, Integrity, Family, Business and Education are my core values.
My mission is to strive to understand my client's deepest needs and values. Then provide services that go above and beyond all client expectations so that I am considered valued, and a referable consultant rather than just a salesperson. I work hard and my clients are important to me and enjoy working with me. Using leading edge technology, continually educating myself and improving my systems, I add value to the lives of others. Through helping others I am rewarded emotionally, spiritually and financially.
My goal as your full service real estate professional specializing in the Virginia Beach City area is to provide you with superior service at all times.
My local expertise and extensive real estate experience will benefit you whether you are serious about buying or selling a home at this time, or are a returning client checking out the many homeowner resources I offer.
If a move to or from Hampton Roads or Virginia Beach is in your future, you can place your confidence in me. As an experienced relocation expert in the Virginia Beach area, having helped hundreds of people relocate, I understand your questions and concerns.
Moving to Hampton Roads with me as your partner is like having a best friend in the area - someone who will help find the perfect fit for you.
It is my goal as your full service real estate company specializing in the Virginia Beach and Hampton Roads areas, to provide you with superior service at all times. My local expertise and extensive real estate experience will benefit you whether you are serious about buying or selling a home at this time, or are a returning client checking out the many homeowner resources I offer.
Buying a home? I look forward to helping you select the home of your dreams by taking time to listen to your needs and desires.
Selling a home? My real estate expertise and many effective marketing programs will give you the exposure and edge you need to sell your home quickly for top dollar.
Returning Client? I appreciate the opportunity to continue to serve you and hope you take advantage of the valuable resources I provide. Come back to visit often!
I consider this community an excellent place to reside and would love to share with you my enthusiasm for the many neighborhoods that encompass it. I pride myself on providing unparalleled service and look forward to developing a long-term relationship with you. Please feel free to contact me if you would like to discuss how I can best assist you with your real estate needs.
"Back in January my husband and I decided to sell our house. I knew I had to move fast to get the house on market before he changed his mind. I had no experience with any real estate agents; it was all new to me. So like I do everything else I got on Internet and did research. and so did my daughter. She sent me a few links to check out. The realtor was Nannette Saunders. I looked up her website and read through it and decided that I was very impressed. So I called. She made time to see us immediately. She made us feel very comfortable right away and we liked her. She promised she would work very hard to get our house sold and help us find another home. We found her to be very professional, but very down to earth and someone you would become very fond of as a friend.
She sat me up on this automated email for every house in our price range as it came on the market. And every time we saw a house that we were interested in she would work with our schedule to be available to show us. We did get a buyer for our house and actually found a house we loved all about the same time. This is where Nannette´s strong points are. Nannette must be quite the negotiator. She managed to work out things. Nannette is a very easy going calm person. I think my point is we became very close during all of this. There was so much going on and I was so confused and anxious about everything. I called Nannette 5-6 times a day. She always calmed me down and always made time for me.
I didn´t have to worry about a thing, Nannette took care of it. She got the right people to take care of everything for me and I had to do nothing. Selling a house is a very emotional experience and I have to say Nannette made everything ok. I don´t plan on selling again, but if I did I would not hesitate to call Nannette Saunders."
Happy Homeowners,
Charles and Bonnie Ballowe
"Nannette, Thank you so much for all you have done to make our dream come true. may God continue to bless you richly. See you soon! Much love,"
Sarah & Patrick Reza
"We were very please with your professional services. The attention to our needs was exceptional."
Gary & Nancy Mooers
"Nannette is very helpful and caring and is I feel a very good friend I can count on. Look forward to what the future holds. Gods Blessings, Thank You."
Laura Crook
"Nannette, You are the best. It was a pleasure working with you. We will see you in two years when it is time to sell this one and move on. Thank You."
Roland Fitch Jr.
"Nannette was very helpful in taking care of all the necessary work in making a smooth move for us. Even several long distant phone calls to make sure everything was moving along on time. She kept in touch even after the sale was completed!"
John A. Ledden & Lorraine C. Ledden
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