<p>For homes, the market value is generally considered to be the amount you would receive if you needed to sell your home today. </p>
<p>For retirement accounts, the value is the value of the account on that day.</p>
<p>The point of all this is that you could borrow against your assets, not necessarily what you would receive if you sold them. It’s about your “worth.” Profile schools are interested in your financial position. How they actually use the info is a bit of a mystery, and it varies from school to school.</p>