Elliott
Elite Member
- Joined
- Apr 23, 2002
- Professional Status
- Certified General Appraiser
- State
- Oregon
Fair Market Value and Market Value differ when buyers and sellers perceive
a difference in their decisions to buy and sell real estate in a manner which
would favor one definition over the other. Most likely times this would
occur would be imminent economic collapse, a meteor hurtling toward the
earth, or the explosion of the sun, other than those remarkable events,
there isn't a hairs width of difference between what an appraiser could
determine.
a difference in their decisions to buy and sell real estate in a manner which
would favor one definition over the other. Most likely times this would
occur would be imminent economic collapse, a meteor hurtling toward the
earth, or the explosion of the sun, other than those remarkable events,
there isn't a hairs width of difference between what an appraiser could
determine.