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Updated almost 9 years ago on . Most recent reply

Bevla Reeves's profile image
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Bevla Reeves
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  • from Scottsdale, AZ
  • Member since Sep 7, 2011
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Bevla Reeves's profile image
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Bevla Reeves
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  • from Scottsdale, AZ
  • Member since Sep 7, 2011
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Bevla Reeves
  • Real Estate Agent
  • Scottsdale, AZ
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Buying & Selling Real Estate

How do YOU define "Market Value"?

Bevla Reeves
  • Real Estate Agent
  • Scottsdale, AZ
Posted

Hello All!

How do YOU define "Market Value"?  I know some investors (including myself) define it as the price the property will sell for on the open market in it's current condition (regardless of what that condition is) ...

And I know investors who define it as the price it will sell for on the open market after repairs or a full renovation.

I'm just curious...how do YOU define it?

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Russell Brazil
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Russell Brazil
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Market value is when any 2 individuals agree on a price.

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