Home Buying in Angleton>Question Details

Fredo, Home Buyer in Angleton, TX

what is the transfer value and maret value?

Asked by Fredo, Angleton, TX Sun Mar 6, 2011

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Transfer value refers to the book value of the asset in the Bank's books, i.e. the remaining balance of the loan.
It can be high if the previous owners that defaulted on the loan did not make many payments against the loan, but if they made lots of payments, then the transfer value will be low.
Market value is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably with open market value, fair value or fair market value.
But, you usually cannot buy a property until the seller puts it on the market.
Hope this answers your Question. http://www.360vtv.com
0 votes Thank Flag Link Mon Mar 7, 2011
the market value is how a home compares to home in it area. Like compareing apples to apples. If you check in your area a few 3 bedroom 2 bath 2 cae garage 1400 sq ft home of a certain age that have sold in the last six months then you have a good idea of what the market value of a hime like that would be. I not sure what you mean by transfer value sorry
0 votes Thank Flag Link Sun Mar 6, 2011
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