It is the most probable value (the price) that the property yields in an open competitive market and on fair sale terms to the seller and buyer, where each of them acts with skill and knowledge, assuming that the price is not affected by any unusual financing stimuli. Unusual financing stimuli are installments - Postponement of payment for a period
In this definition, it is assumed that the sale takes place on a specific date and that the transfer of ownership from the seller

The buyer is subject to the following conditions:
1 The buyer and seller are excited to complete the transaction
2 Both the seller and the buyer have good knowledge of the market condition and prices, either by himself or through a consultant
Everyone acts in his own interest.

3- It was displayed for an appropriate period of time in the open market.

4- Payment is financed.

5- The price in exchange for the normal normal for the real estate is not affected by private financing or sale concessions granted by the parties to the sale.