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Sagot :
The price of a property would be expected to sell for after suitable exposure to the market is Fair value Price.
What is Fair Value?
The price that must be set to sell the property in the open and competitive market under all the conditions required for the fair sale is called as Fair Value. The Buyer and the Seller assumes the prices is not affected in any circumstances.
The amount that a property should sell for, provided that no unusual circumstances are impacting the parties' judgments or the availability of finance is the Fair Value Price.
Learn more about Fair Value here:
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