Tagged : market value

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Determining Market Value

Friday, April 5th, 2013 at 4:45pm. 1,136 Views, 0 Comments.

‘Market Value’ is definitely a description synonymous with Real Estate. Vendors are always curious and eager to determine what the ‘Market Value’ of their product is. My best depiction of ‘Market Value’ would be the amount a purchaser is willing to pay or exchange for merchandise based upon the current supply and demand trends. So it would be safe to say the customers/purchasers have a fairly firm grasp on defining ‘Market Value’? Pretty tough to disagree. I like to say, a product is only worth what someone will pay for it. This statement definitely applies to Real Estate. In Calgary’s Real Estate market, or pretty much any market for that matter, property prices are affected and determined by supply and demand. A lot of listings on the market, the

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