estimated market value

USAGE SUMMARY

The phrase "estimated market value" is correct and usable in written English.
It can be used in contexts related to finance, real estate, or business to refer to the approximate worth of an asset or property based on various factors. Example: "The estimated market value of the property has increased significantly over the past year due to rising demand in the area."

✓ Grammatically correct

News & Media

Formal & Business

Science

Human-verified examples from authoritative sources

Exact Expressions

53 human-written examples

So a home that has an estimated market value of $1 million would have an assessed value of $10,000.

The New York Times

The ratio is multiplied with a home's estimated market value to calculate a home's assessed value, which in turn is the number used to calculate property taxes.

The New York Times

The enlarged group would have an estimated market value of £3.5bn and is likely to be eligible for listing on the FTSE 100.

The Guardian - Business

With the Lagardere unit, Matra Hautes Technologies, the company will have sales of about 80 billion francs $13.3 billionn) and estimated market value of 50 billion francs.

The New York Times

A Zestimate "is not an appraisal," the company says on its website, but instead is "Zillow's estimated market value" using its proprietary formula.

The Washington Post

The $150 million estimated market value of a piece like Matisse's "The Window" is just that: a market value that has little to do with art.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

7 human-written examples

But Mr. Perry argues that the 6percentt cap should be applied to estimated market values, the number that signifies what a house could sell for, and not assessed values.

The New York Times

The first set of assessment figures reflected estimated market values on Jan . 1 , 2002and the update was meant to reflect values on Jan . 1 , 2004

The New York Times

Estimated market values represented by seizures.

Crime Science

In this case, imagine that all the estimated market values are equal to their book value except for 2 accounts: Plant, Property, and Equipment (PP&E) and the intangible asset Customer List.

WikiHow

The procedures used for estimating market value, however, vary for the different classes of property.

The New York Times

Expert writing Tips

Best practice

When using "estimated market value", ensure the estimation method is clearly defined or referenced, especially in formal contexts like financial reports or legal documents. For example, cite the source or methodology used to determine the estimate to enhance credibility.

Common error

Avoid using "estimated market value" interchangeably with "appraised value". Appraised value comes from a formal appraisal process, while estimated value is often a less rigorous calculation. Use "appraised value" only when a professional appraisal has been conducted.

Linguistic Context

The phrase "estimated market value" functions primarily as a descriptive term, modifying a noun. It quantifies the worth of an asset, providing a basis for financial assessments. Ludwig AI indicates the phrase is appropriate for use in written English.

Expression frequency: Very common

Frequent in

News & Media

55%

Formal & Business

25%

Science

20%

Less common in

Wiki

10%

Academia

0%

Encyclopedias

0%

Ludwig's WRAP-UP

In summary, "estimated market value" is a common phrase used to describe the approximate worth of an asset, suitable for various contexts from news reporting to business analysis. As Ludwig AI confirms, the phrase is grammatically sound and frequently used. Its use is particularly prevalent in news and media, formal business contexts, and scientific publications, suggesting a broad applicability. Related phrases include "appraised market value" and "projected market value", each with subtle differences in meaning. When using this phrase, ensure clarity in the estimation method and avoid confusing it with the more precise "appraised value".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

appraised market value

Replaces "estimated" with "appraised", implying a more formal valuation process.

projected market value

Substitutes "estimated" with "projected", suggesting a forecast of future market worth.

assessed market value

Uses "assessed" instead of "estimated", often used in the context of property taxes.

indicative market value

Replaces "estimated" with "indicative", implying a preliminary or suggestive valuation.

approximate market value

Substitutes "estimated" with "approximate", indicating a rough or inexact valuation.

fair market value

Emphasizes the fairness and impartiality of the valuation, often legally defined.

market capitalization estimate

Rephrases to focus on market capitalization, which is a specific type of market valuation.

valuation estimate

Simplifies the phrase by omitting "market", focusing on the estimation of value.

expected market price

Shifts from "value" to "price", indicating the anticipated selling price in the market.

anticipated market worth

Uses "anticipated" and "worth" to convey a similar meaning of expected valuation.

FAQs

How is "estimated market value" typically used in real estate?

In real estate, "estimated market value" indicates a property's likely selling price based on factors like location, size, and recent comparable sales. It's often used in preliminary assessments before a formal appraisal.

What's the difference between "estimated market value" and "fair market value"?

"Estimated market value" is a general approximation, while "fair market value" has a specific legal and accounting definition. "Fair market value" represents the price a willing buyer and seller would agree upon in an open market, assuming both parties are knowledgeable and acting without compulsion.

Can I use online tools to find the "estimated market value" of my home?

Yes, online tools like Zillow provide estimates, but remember that these are only estimates. A professional appraisal provides a more accurate valuation.

What are some alternatives to saying "estimated market value"?

Depending on the context, you can use alternatives like "appraised market value", "projected market value", or "indicative market value".