Anna Brocco

Associate Broker

Laffey Fine Homes Williston Park

191 Hillside Avenue

Williston Park, NY11596

Cell: 917-576-5376
Office: 516-741-3070 ext 254
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Market Value vs Market Price

 

Market value can and should be defined as the price at which both buyers and sellers are willing to enter into a contractual relationship, whereas the market price is the actual sale/purchase price of a property. If the market value is less than the market price, the  seller is the winner in the real estate game—if the opposite—the buyer benefits more from the transaction. Both definitions incorporate a property’s condition and primarily it’s location as determined in a narrow window of 30-90 days time.  

 


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