Question

According to the definition of market value, what should an appraiser do if there are special or creative financing terms present for the subject property?

Answer 1

According to the definition of market value an appraiser should ignore the concessions, complete the appraisal, and select appropriate comparables if there are special or creative financing terms present for the subject property.

What is market value?

• The price at which an asset would trade in a competitive auction environment is known as its market value, or OMV.
• Despite the fact that these phrases have different meanings under various standards and can have variations in some situations,
• market value is frequently used interchangeably with open market value, fair value, and fair market value.
• You would multiply the total number of outstanding shares by the current share price to determine a company's market value.
• If ABC Limited, for instance, has 50,000 shares outstanding at a price of $25 apiece, its market value would be $1.25 million (50,000 x $25).

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