Market Value


Definition of "Market value"

Warren Langer
  Keller Williams Realty Southshore

Independently appraised value of real estate in a free competitive market. Many variables must be considered in determining market value, but supply and demand are the essential ingredients. Market value determination should be based on all available information.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Accumulation Unit Value

worth of each accumulation unit at the end of each valuation period for a variable annuity. This va ...

Public Record

Governmentally held records of public transactions giving constructive notice that documentation exi ...

Territorial Limits

Condition for inland marine liability insurance coverage that states a loss or claim must occur in t ...

Structured Settlement Annuity

Single premium immediate annuity purchased to fund a structured settlement. This product is purchase ...

Writ Of Execution

Court order to seize and sell property because of the nonpayment of taxes, or foreclosure of propert ...

Insured Loan

Type of loan that has been insured by the Federal Housing Administration or a private mortgage insur ...

Related Real Estate FAQ

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

What Is An Origination Fee?

An origination fee is a fee paid to a lender for processing a loan application. ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advanc ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Should you Buy a Home with Cash? How To Get A Loan with Bad Credit When to buy a house Real Estate Open House - The Dos and Don'ts Rent or Buy - the pros and cons

FAQ

Do I need Life Insurance? What is a survey? What is an inspection? What is a mortgagor? Why should I use a real estate agent?