Market Value

Jargon Buster

November 22, 2019

Jargon Buster

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Market Value

The market value of a property is the value of the said property whether commercial or residential.

A surveyor will value the property and this price would be the expected price you would get if your property was placed on the market. It is essentially the highest estimated price that a buyer would pay and a seller would accept for an item in a competitive market.