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Understanding your home's value is an important part of knowing your net worth, what you'll likely receive if you sell the property and how the local real estate market is faring. Home value is ...
There can be differences between what the property is worth (market value) and what it cost to buy it ().A price paid might not represent that property's market value. Sometimes, special considerations may have been present, such as a special relationship between the buyer and the seller where one party had control or significant influence over the other pa
Home equity is the market value of a homeowner's unencumbered interest in their real property, that is, the difference between the home's fair market value and the outstanding balance of all liens on the property. The property's equity increases as the debtor makes payments against the mortgage balance, or as the property value appreciates.
Market value or OMV (Open Market Valuation) is the price at which an asset would trade in a competitive auction setting.Market value is often used interchangeably with open market value, fair value or fair market value, although these terms have distinct definitions in different standards, and differ in some circumstances.
One of the most difficult aspects of the real estate market is estimating the value of a home. With local market conditions changing all the time, it can be hard to accurately price a property. In ...
A foreclosure typically sells for much less than market value, driving down the comparable sales and, by extension, your home’s worth. The values of homes neighboring a foreclosed property have ...