Tag: Market Value

Posted on 10/07/2024
Understanding the difference between assessment value & market value
In the world of real estate, you will hear the terms...
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Posted on 09/06/2020
Setting the Fair Market Value
Image by Andrey Popov from Shutterstock The term "fair market value" is the price at which an interested but not desperate buyer is willing to buy and a motivated but not distressed seller is willing to sell on the open market in your location. The set value depends on recently sold similar-sized homes with like amenities, upgrades, and...
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Posted on 03/08/2020
Real Estate Values and Climate Change
Image by Gerd Altmann from Pixabay Natural disasters including flooding, hurricanes, mudslides and wildfires affect real estate values. Some recent examples of real estate transactions being influenced by these increasingly intense and frequent events include: A Charleston, South Carolina, homeowner deciding to demolish her house after three years of flooding caused by hurricanes that led to 11 failed...
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