Market value vs. sales price: what's the difference?
Before a property can be sold, you need to find out what its financial value is. This is where the market value comes into play: various methods can be used to determine the objective value of a property. The market value thus forms the basis for the selling price of a property and is based on the price that can be achieved in the ordinary course of business at the time of the determination, taking into account all relevant factors such as location, condition and building materials used. This value is determined without taking into account personal or unusual circumstances and takes into account legal circumstances and actual characteristics. In simple terms, the market value represents the most likely selling price.