Tag Archive: market value

Assessment value vs. market value: Understanding the difference

In the world of real estate, you will hear the terms assessed value and market value often. Whether you’re a homebuyer, seller, or simply a homeowner calculating your property taxes, these terms are of high importance.  What is the meaning of assessed value? Assessed value is a sum used to ...

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Setting the Fair Market Value

Image by Andrey Popov from Shutterstock The term “fair market value” is the price at which an interested but not desperate buyer is willing to buy and a motivated but not distressed seller is willing to sell on the open market in your location. The set value depends on recently ...

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