Market value with regard to location, popularity

Market value – The market value of a property determines the combined value of a property in terms of location, popularity and material value. See our property terms. When a property is to be sold, the purchase price is based on the fair market value of the property. An appraiser prepares a market value appraisal that sellers and buyers can use as a guide. Land that has not yet been developed is appraised according to standard land values and developed land is also appraised using the asset value method.

Fair Market Value at a Glance: Factors for determining the price

Market value of a property is formed from location, popularity and material value
The purchase price of a plot of land is based on its market value
Appraiser prepares market value appraisal to which buyer and seller can orientate themselves
Undeveloped land is valued according to standard land values and developed land is valued according to the tangible asset method.

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