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| MARKET CONDITIONS
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Factors that, at a particular point in time, affect the sale or purchase of a home. |
| MARKET DATA APPROACH
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Analysis of real estate sales data to appraise real estate values. |
| MARKET DELINEATION
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The process of defining the geographic extent of the demand for a specific property. |
| MARKET PRICE
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The actual open market price paid in a transaction where real estate is traded. |
| MARKET RENT
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Rent that a comparable unit would command if offered in a competitive real estate rental market. |
| MARKET RESEARCH
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Surveys, of the area in which a product or service is to be offered, which are done to determine the cost of doing business, any competition, potential sales, etc. |
| MARKET RISK
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Uncertainty in the value of real estate due to market, economic, political or other conditions. |
| MARKET SEGMENTATION
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The process of defining the socio-economic characteristics of the demand for a specific property. |
| MARKET STUDY
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Study of real estate activities including demand, price, locational influence and current trends. |
| MARKET VALUE
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Independently appraised value of real estate in a free competitive market. The highest price a buyer would pay and the lowest price a seller would accept, assuming that both were willing but not compelled to do so. |
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