Market Pricing Assessment Services
When it comes to buying or selling a property for your business, the starting point is to figure out how much the property is worth. This seems simple enough – surely, you see what has previously been sold in your locality and use that as a jumping-off point? Sadly, the valuation of the property – and especially commercial property – is not quite so straightforward. If it were, there would be no need for professional appraisers in this field.
Market Value is a professional opinion of what a property would sell for at arm's length – meaning to an independent buyer, without any concessions or kickbacks – based on the local real estate market, supply and demand, what other similar properties are selling for in the area and the specific features and benefits of the property.
This is not the same in the case of the market price of a property, which can be more or less than the market value. That's because the price is whatever the seller agrees to sell the property for. This could be the same as the market value, or the seller may accept a lower price for the property because, for example, he needs a quick sale.
It looks quite easy when we are talking about selling or buying a property. We decide for ourselves what will be the pricing of a property on which we can sell or buy any property. But that's not a proper way to do so. Our Experts consider every aspect of a property like benefits or features etc. Then the demand for a property in that particular area and then the Market value are calculated. But even then it can be said to be a Market price because it can fluctuate depending on the buyer or seller's needs.
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