Resale Value

Definition

  • The price or dollar amount that a property owner is able to negotiate when selling an existing home or property.

Synonyms
actual cost, market price, current value

Related Terms and Acronyms

  • Betterment Definition,
    • An improvement or replacement that increases a property's value.
  • Blue Book Definition,
    • Formally, it refers to the Kelley Blue Book, an industry guide dealers use to estimate wholesale and retail vehicle pricing.
  • Book Value Definition,
    • A valuation method determined by taking the original cost of an asset and subtracting any depreciation, impairment or amortization costs.
    • The value of a property, item or company as a capital asset based on its cost plus any additions, subtracting depreciation.
  • Curb Appeal Definition,
    • The look of a house when viewed from the street.
  • Current Market Value (CMV) Acronym,
    • The estimated price determined by the recent sale of similar properties.
  • Effective Age Definition,
    • An appraiser's estimate of the physical condition of a building. The actual age of a building may be shorter or longer than its effective age.
  • Mint Condition Definition,
    • A term describing a building or item that's just like new.
  • Seller's Market Definition,
    • Due to either low supply or high demand, the seller can expect to sell quickly with a high sale price.
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