Price

  Previous topic Next topic JavaScript is required for the print function  

Price (or sales price) is the actual number of dollars that was paid for a product.

 

Price is history, it has happened
Price is not necessarily the same as value but it is often close

 

If the appraiser can determine that the price paid meets the conditions of market value, then price will approximate value.

 

Price is the major factor in the sales comparison approach to value.

 

Related Topics:

 

Value

Cost

Page url: http://www.georgiaappraiser.com/glossary/index.html?price.htm