MARKET VALUE
The highest price in terms of money which a property will bring on the open market and under all conditions required for a fair sale, i.e., the buyer and seller acting prudently, knowledgeably and neither affected by undue pressures.
Showing posts with label sale. Show all posts
Showing posts with label sale. Show all posts
Thursday, May 22, 2008
Sunday, May 4, 2008
Real Estate Term You Should Know
READY, WILLING, AND ABLE BUYER
A purchaser of property, who is willing to buy on terms acceptable to the seller, and who further possesses the financial ability to consummate the sale. Producing such a buyer sometimes earns the broker a commission, even though a sale is not forthcoming.
A purchaser of property, who is willing to buy on terms acceptable to the seller, and who further possesses the financial ability to consummate the sale. Producing such a buyer sometimes earns the broker a commission, even though a sale is not forthcoming.
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