Thursday, December 14

The Concept of Market Value Definition is Fundamental to The Practice of Evaluation.

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The concept of market value definition is fundamental to the practice of evaluation.

Market value

      The concept of market value definition is fundamental to the practice of evaluation.

      The concept of market value assumes a price negotiated in an open and competitive market can be local or international.

      Market valuation is generally based on comparable information relating to real estate. The evaluation process requires the evaluator to undertake an appropriate and relevant research, to perform relevant analysis and draw conclusions that can be substantiated and supported. All evaluations require the court evaluator, but the evaluation report must show that based evaluator

evidence of market value on the market or that the estimate was based more on the court evaluator or property because of the lack of comparable market data.

      The definition of market value

      Market value is estimated size for which a property should be changed to the date of valuation between a seller and a buyer decided , in a balanced transaction, after proper marketing, in which each party acted knowingly and prudent without constraints.

      Other definitions of market value

      “Market value means the price at which land and buildings could be sold through a private contract to the date of valuation between a seller and a buyer decided independently, assuming that the property was made public, market conditions permit orderly disposal and that There is a normal time available, depending on the nature of the property for sale negotiations. ”

                                    (Council Directive 91/674/EEC art. 49, paragraph 2)

      “The price was most likely a certain date, in cash or equivalent conditions, for which property rights would sell after reasonable publicity in a competitive market under all conditions required for a fair sale, the seller and buyer have acted prudently and knowledgeable in their own interest, and assuming that there was no pressure to conclude the transaction. ”

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