What is Market Value of a Property?

 WHAT IS MARKET VALUE OF A PROPERTY?

What is Market Value of a Property?

 

Market Value of a property is the most profitable price that a property would bring in a competitive and open market.

 

This assumes the following:

 

  • Buyer and seller are motivated.
  • Both parties are well informed or well advised and acting what they consider to be their best interests.
  • A reasonable time is allowed for exposure to the open market.
  • Payment is made either in US dollars or in comparable financial terms
  • 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.

 

Market value is a compromise between the perfect market value and the imperfect real world. 

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https://lizpenner.com

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Liz PennerREALTOR

ABOUT LIZ PENNER | YOUR BEST LANGLEY REAL ESTATE AGENT

Liz Penner is a top-selling licensed real estate salesperson with the Fraser

Valley Real Estate Board and has been a top-selling realtor specializing in the residential resale of condos, townhomes, and houses for over a decade. Liz assists residents of the Langley and Surrey areas to sell real estate while looking out for the client’s best interests. Liz also helps first-time homebuyers, families, and repeat purchasers with their property search process, ensuring that her clients get access to the very best homes on the market while receiving excellent service ensuring that they find the perfect place to call home.

Liz holds a BBA in leadership and has completed a variety of specific training through the Fraser Valley Real Estate Board in the areas of selling strata properties, foreclosures, estate sales, and new construction properties. Liz is also well versed in POAs, the Strata Property Act, and more.

If you are looking for a knowledgeable and professional real estate agent that is willing to do everything possible to ensure that you get top dollar for the sale of your home or to find the dream home you are looking for in the Surrey and Langley, BC areas then get in contact today.

WHY LIST YOUR HOME FOR SALE WITH LIZ PENNER

  • I’ve helped sell over 400 properties throughout the Langley and Cloverdale area, and I’d love the opportunity to do the same for you.
  • I’ve experienced straightforward sales and sales that have gone off the rails, back on the rails, off the rails, and then back on again. That’s just the way the real estate train rolls, and it never rattles me.
  • I’ve got a solid toolkit to pull from when a problem arises. I take my job seriously each time, and I will make sure you get top dollar for your Fraser Valley, Langley, or Cloverdale home, smooth sailing, or otherwise.