Real Estate Tips from Merri Ann
Posted August 28, 2017 at 5:45 am by Tim Dustrude
Understanding The Valuation Process For Your Real Estate
Merri Ann Simonson – Contributed photo
The definition of “market value” is rather boring sounding when you take into consideration that you are addressing one of the highest value assets that a property owner may have or the most expensive item that a buyer may purchase in their lifetime.
Emotions run high when it comes to the selling and buying of real estate. If we all could just buy low and sell high, life would be so much more rewarding.
Definition: Market Value is the price a property is most likely to command in a competitive and open market, with a willing buyer and a willing seller in an arms-length transaction, wherein the parties have each acted knowledgeable, prudently, and without compulsion and in their own best interest.
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Categories: Real Estate
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