Latest Articles
Misc
February 14, 2019
Market Value

Word of the day
Market Value
The most probable price a property should bring in a com¬petitive and open market under all conditions requisite to a fair sale under guidelines published by federal lending institutions (Fannie Mae, Freddie Mac). Such conditions include the assumption that the buyer and the seller acted prudently and knowledgeably and that the price is not affected by undue stimulus. Implicit in this definition are the consummation of a sale as of a specified date and the passing of title from seller to buyer under the following conditions:
A reasonable time is allowed for exposure in the open market.
Payment is made in terms of cash in U.S. dollars or in terms of comparable financial arrangements.
The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.
- Buyer and seller are typically motivated.
- Both parties are well-informed or well-advised, and they are acting in what they con¬sider their own best interest.
A reasonable time is allowed for exposure in the open market.
Payment is made in terms of cash in U.S. dollars or in terms of comparable financial arrangements.
The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.

Share this post:

Written by
John Reilly
Related Post

Industry, Residential Real Estate, Education
Library of Real Estate Clauses
December 16, 2018

Brokerage, Technology, Consumer News, Residential Real Estate, Education, Misc
Short Sales and Tips for Newly Licensed Real Estate Agents
December 5, 2018

Brokerage, Consumer News, Residential Real Estate, Misc
Unilateral Contract VS Bilateral Contract
November 23, 2018
https://www.realtown.com/blog/9-Good-Reasons-for-Buyers-to-Hire-a-Real-Estate-Professional-Published
https://www.realtown.com/blog/Dont-Waste-Your-Money-on-a-Website-Without-a Broader-Vision-Publishing
https://www.realtown.com/blog/Greater-El Paso-Association-of-REALTORS-with-RealTown-at-Inman-Connect
https://www.realtown.com/blog/real-estate-marketing-strategies-can-create-your-own-success-blueprint
https://www.realtown.com/blog/westport-real-estate-a-passion-for-the-positive-in-this-negative-state
https://www.realtown.com/blog/one-third-of-americans-who-sold-their-home-in-the-past-year-lost-money
https://www.realtown.com/blog/r-e-marketing-strategies-tips-to-double-your-income-within-your-sphere
https://www.realtown.com/blog/battling-rugby-players-canadian-computer-programmers-amp-your-business
https://www.realtown.com/blog/federal-way-finds-new-owners-for-bank-and-government-foreclosure-homes
https://www.realtown.com/blog/crye-leike-chooses-fidelity-national-s-transaction-management-solution
https://www.realtown.com/blog/r-e-marketing-strategies-simple-tips-for-creating-your-ideal-income-in
https://www.realtown.com/blog/redx-for-sale-by-owner-lead-generation-service-now-available-in-canada
https://www.realtown.com/blog/staying-connected-with-buyers-and-sellers-after-the-contract-is-signed
https://www.realtown.com/blog/why-online-consumers-don-t-respond-to-you-and-what-you-can-do-about-it
https://www.realtown.com/blog/is-buying-the-worst-house-on-the-best-street-really-the-right-approach
https://www.realtown.com/blog/housing-forecast-changed-slightly-due-to-impact-from-tighter-lending--
https://www.realtown.com/blog/corcoran-consulting-announces-jetspring-as-a-premiere-service-provider
https://www.realtown.com/blog/online-marketing-thousands-of-agents-sell-homes-online-and-you-can-too
https://www.realtown.com/blog/smart-realtors-will-factor-in-the-advantage-of-short-driving-distances
https://www.realtown.com/blog/point-announces-eleven-new-listing-syndication-program-implementations
https://www.realtown.com/blog/r-e-marketing-strategies-are-you-making-these-deadly-business-mistakes
https://www.realtown.com/blog/how-to-use-solo-marketing-emails-to-generate-high-quality-online-leads
https://www.realtown.com/blog/the-international-brand-lays-foundation-on-cheap-timberland-work-boots
https://www.realtown.com/blog/r-e-marketing-strategies-things-you-need-to-know-to-double-your-income

2021 Real Town The Real Estate Network