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In real estate markets, a transaction occurs only when the investment value of the buyer exceeds the investment value of the seller. The seller's investment value is the ________ that he or she would be willing to pay for a particular property, while the buyer's investment value is the _______ that he or she would be willing to accept

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The seller's investment value is the maximum that he or she would be willing to pay for a particular property, while the buyer's investment value is the minimum that he or she would be willing to accept.

How Is Market Value Determined in the Real Estate Market?

The fair market value (FMV) of a property is the amount it would fetch in a typical market. So, both individuals who own a property and those who are responsible for paying its taxes should consider its FMV.

Every good in a market economy has a value determined by the process of price discovery. The goal of producers and resellers is to locate buyers who have values that are close to their proposed fictitious values. Consumers, on the other hand, bid up or bid down prices based on their shifting perceptions of the worth of commodities. This procedure is flawed and dynamic.

Learn more about fair market value here:

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