The amount that a property may be sold for in the marketplace. Market value may be derived by comparing a property to other similar properties that have sold recently or by attempting to determine the price at which a property would sell immediately. While both may be referred to as “market value,” they are not usually the same value. Investors should establish common ground on the definition when discussing market value.

Close Clean, Close Confident
Title might not be the flashiest part of a real estate deal, but it’s one of the most important. A...
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