Types of Appraisal Valuation: Marketable Cash Value
Marketable cash value has been defined as “the value realized, net of expenses, by a willing seller disposing of property in a competitive and open market to a willing buyer, both reasonably knowledgeable of all relevant facts and neither being under constraint to buy or sell.”

This is similar to fair market value (FMV), but the essential difference being the phrase “net of expenses.” This term is most often used in equitable distribution situations such as divorce. In these cases, one partner is willing to receive ownership of property in lieu of cash. However, the person needs assurance that, should they decide at some point to sell, the money received would be close to the amount of cash originally sacrificed. Thus, the value used in this type of appraisal should be net of any sales commission or fee connected with the sale of the property.

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