The definition of market worth in response to the American Institute of Actual Estate Appraisers’ Dictionary of Real Property Appraisal, is: “Probably the most probable value in money, phrases equivalent to money, or different precisely revealed phrases, for which the appraised property will sell in a competitive market below all conditions requisite to fair sale, with the buyer and seller every performing prudently, knowledgeably, and for self interest, and assuming that neither is below duress.” American Institute of Actual Property Appraisers, The Dictionary of Actual Property Appraisal.
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