Thread: True Market Value?

This is one of those topics that can get heated very quickly since one person can think something is extremely valuable while another will think its not. One mans junk is another mans treasure and vice versa. Just because something is quite common doesn't necessarily mean it isn't valuable where something that is rare doesn't mean that it is. The common thing could just be a quality product that everyone wants and took off where the rare one isn't quality and nobody wants it so it never took off. It all comes down to what someone is willing to pay. I know if I see something that I want I might pay more than what the suggested value is just because I want it.

Originally Posted by JSmith1983

This is one of those topics that can get heated very quickly since one person can think something is extremely valuable while another will think its not.

Great point, let's make sure it does not go down that way.

Evaluations are tricky things being they are based on one person's opinion and those vary person to person. So the opinion of the buyer may not match the opinion of the seller.

That differs from true market value which is the price the item actually sells for when the buyer and seller agree to a deal. A like item may sell for more or less depending on what the buyer and seller agree to at that time.

Taking into account a good number of actual sales prices for like items over a period of time might give you a range of prices that that item generally sells for. There is no guarantee that when you want to sell a like item that you will get a price within that range of prices.

Bottom line, it's a bit of a crap shoot just like stock market investing.

Bob