The issue of value is confusing because it is viewed by many differently.
The seller want to maximize profits. The realtor for the seller has the incentive to also maximize commissions but also factors in pricing at what he/she believes will increase turnover. the realtor for the buyer has the opposite goals.
The bank's value is in concert with the riskiness of its loans as the loan especially after the housing bubble burned so many banks.
Insurance companies value a home based on the cost to replace it less the land
This is an abridged explanation given limited space
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