Many clients ask what the difference between appraisal and assessment is. In fact things with the market have changed so dramatically in the last six months, it’s important to know the house you are either buying or selling will appraise for financing purposes. Furthermore, it’s important to look at the tax assessment in order to see if you are paying too much in taxes based on what you bought your home for. Defining these terms will help on both sides of a real estate transaction!