Why is my home’s assessed value different than the market value?

[John Medina]

As I know there are many different metrics that can predict a home’s value but still there is lot of price difference. Can someone please tell me on which factors market value depends?

 

[mkeyys]

The real estate sector certainly is at the peak. The factors on which the market value depends may include the demographics, interest rates, location, and the state of the economy, which varies from country to country!