Market Value in a Real Estate Appraisal

Types of value
There are several types and definitions of value sought by a real estate appraisal. Some of the most common are:
Market Value – The price at which an asset would trade in a competitive. Market Value is usually interchangeable with Open Market Value or Fair Value.Market Value is the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgably, prudently, and without compulsion. Appraiser Charlotte for more info.
Value-in-use – The net present value (NPV) of a cash flow that an asset generates for a specific owner under a specific use. Value-in-use is the value to one particular user, and is usually below the market value of a property.
Investment value - is the value to one particular investor, and is usually higher than the market value of a property.
Insurable value - is the value of real property covered by an insurance policy. Generally it does not include the site value.
Liquidation value -- may be analyzed as either a forced liquidation or an orderly liquidation and is a commonly sought standard of value in bankruptcy proceedings. It assumes a seller who is compelled to sell after an exposure period which is less than the market-normal timeframe.
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