The standard of value sets the perspective of the buyer, of the seller, of the marketplace, and the specific property being valued. Without the proper understanding and application of the standard of value, the valuation and its resulting value may be misplaced. The question of the standard of value is one of the most elementary, yet most complex and important questions to be answered at the outset of any valuation. It carries with it both economic impacts as well as the legal assumptions to be considered.
Call one of our credentialed professionals at (615) 822-8342 or contact us via email, to assist you in better understanding the appropriate standard of value for the case at hand or any other valuation or litigation needs.