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Home & Garden > Buying & Selling Homes What is real estate value?

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In the real estate industry, the market is the driving force behind the price at which property is sold. Market value is the price that a property should probably bring in a competitive and open market, assuming that the price is not affected by undue stimulus. Simply put, real estate is only worth what someone would pay for it. The valuation of real estate can be accomplished through several different methods depending the type of property involved. Commercial property value is more closely related to its income potential while residential property value is based on the selling prices of ...

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