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MARKET VALUE DEFINED <br />According to the definition contained in the Glossary of USPAP,“Market Value” <br />is defined as "The most probable price in terms of money which a property should <br />bring in a competitive and open market under all conditions requisite to a fair sale, <br />the buyer and seller, each acting prudently, knowledgeably and assuming the price is <br />not affected by undue stimulus." Implicit in this definition is the consummation of a <br />sale as of a specified date and the passing of title from seller to buyer under <br />conditions whereby: <br />Buyer and Seller are typically motivated. <br />Both parties are well informed or well advised and each acting in what they <br />consider their own best interest. <br />A reasonable amount of time is allowed for exposure in the open market. <br />Payment is made in cash in U.S. dollars or in terms of financial arrangements <br />comparable thereto; <br />The price represents the normal consideration for the property sold unaffected <br />by special or creative financing or sales concessions granted by anyone <br />associated with the sale. <br /> <br />