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Mistaking Re-Financing Appraisals for the Market Value

Unfortunately, a re-finance appraisal may have been stated at an untruthfully high price.  Often, lenders estimate the value of your property to be higher than it actually is in order to encourage re-financing.  The market value of your property could actually be lower.  Your best bet is to ask your REALTOR for the most recent information regarding property sales in your community.  This will give you an up-to-date and factually accurate estimate of your property value.