|Market Value on Open Market (Valeur marchande sur le marché libre)||
(iii) A reasonable turnover period. A quick or forced sale is not assumed. ln addition, a seller could receive "a desired price" if willing to wait an unduly long time to find a buyer. Neither of these cases meets the condition of market value. As of the date of appraisal, the appraiser must ascertain the typical turnover period for properties of the type being appraised. (iv) Payment consistent with the standards of behavior of the market. Typical or normal financing and payment arrangements are assumed. Usually, this will not involve an all-cash payment by the purchaser, and it does not mean especially favorable financing to attract a buyer to the seller's price.
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