Definition of market value
“The estimated amount for which an asset should
exchange on the date of valuation between a willing
Buyer and a willing Seller in an arms length transaction
after proper marketing where the parties of each acted
knowledgeably, prudently and without compulsion.”
Why use a Valuer?
There is a constant need to determine fixed property values - for the purposes of financing, reporting to shareholders, cost accounting, mergers, take-overs, sales and insurance.