range of value
Definition
The market value of a property, usually stated as an amount between a high and a low limit. For example, real estate brokers often estimate a range of value for a property to help the owner determine the listing price.
Use range of value in a sentence
“ In order to sell their home quickly, the homeowners asked their realtor to list their home in the lower range of value. ”
“ They received a number of appraisals and broker price opinions on the property and the range of value was between 1 million and 2 million. ”
“ My grandfather started a supermarket and imported many things which had a wide range of value and put it in his stock to satisfy his customers need.. ”
