Episode 077 - Market Value vs. Market Price
Real Estate 101 exam question: Define Market value and market price, and explain the difference between the two. Just kidding! This isn’t a test.
In this episode B talks about what they are and how they are very relevant in today’s market. Knowing the differences can really help you on your next CMA and appraisal challenge.
SHOW NOTES
- 02:00 – Market value vs. Market price.
- 03:10 – Refresher on the terms.
- 05:00 – Market price is a factual number.
- 06:10 – Intrinsic value: what is the property worth to this specific buyer/seller.
- 06:35 – Balanced market the market value and market price are usually the same.
- 07:45 – Market price has increased higher than market value.
- 08:15 – Buyers are motivated.
- 09:15 – Why does this matter?
- 10:45 – Buyer’s motivation drives market price, but does the buyer’s motivation drive market value?
- 12:10 – Lender is concerned with market value.
- 13:00 – Market price can be supported with multiple offer information.
BETWEEN THE LINES LINKS
Email
brian@brianclee.com
Web
brianclee.com
Facebook
https://www.facebook.com/groups/realestatebetweenthelines/
https://www.facebook.com/Brian-C-Lee-111822417027919/?
YouTube
https://www.youtube.com/channel/UCcv4dHU39-b5_QVVCIhbcBA?
