What's a home worth?
I meet people all the time who ask me the question, "What's my home worth?"   My favorite answer is, "It depends."  We all know the definitions:  market value is the estimated price at which an informed buyer will buy in an arm's length transaction; assessed value is the value upon which taxes are assessed as determined by either a contract appraisal firm or a government official; appraised value is the value that an appraiser given directions as to the purpose of the appraisal (because the purpose matters!) reaches; replacement cost is the cost to replace the existing structure should the need