Can You Buy Under Market Value?

homesDetermining the meaning of ‘market value’ or ‘fair market value’ is the starting point. It’s impossible to understand if your property deal was bought for less than it’s market value unless you are clear on what the general meaning is of ‘market value’.

Comparing ‘apples with apples’ is what you are aiming to achieve before you determine what you are willing to offer for a property.

Marketing a property using the term ‘market value’ offers up so many different scenarios and therefore outcomes; interested buyers can end up offering vastly different amounts and this is not to be underestimated as a marketing strategy.

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