Market Value is the estimated amount for which an asset should exchanged on the date of valuation between a willing buyer and a willing seller in an arm's length transaction after proper marketing wherein in the parties had each acted knowledgeable, prudently and without compulsion.
FORCED SALE VALUE
The amount that may reasonably be received from the sale of a property under (forced sale) conditions that do not meet all the criteria of a normal market transaction.
It involves a price which arises from disposition under extraordinary or a typical circumstances, usually reflecting an inadequate marketing period without reasonable publicity, an inappropriate mode of sale and sometimes reflecting an unwilling seller condition, and/or disposal under compulsion or duress.
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