An arm's length transaction is one in which the buyers and sellers act independently and have no relationship to each other. The concept of an arm's length transaction is to ensure that both parties in the deal are acting in their own self interest and are not subject to any pressure or duress from the other party.

This concept frequently comes into play in real estate when determining the fair market value of a piece of property for tax valuation purposes. The price for the property must be obtained through a potential buyer and seller operating through an arm's length transaction, otherwise, the agreed-upon price will likely differ from the actual fair market value of the property.

What is an ARM's Length Transaction (in Real Estate)? the rest of the story including the role ARM's Length Transactions play in Short Sales.

If you, or someone you know is considering Buying or Selling a Home in Columbus, Ohio please contact The Opland Group. We offer professional real estate advice and look forward to helping you achieve your real estate goals!

The Opland Group Specializes in Real Estate Sales, Luxury Home Sales, Short Sales in;  Bexley  Columbus  Delaware  Downtown  Dublin  Gahanna  Grandview Heights  Granville  Grove City  Groveport  Hilliard  Lewis Center  New Albany  Pickerington  Polaris  Powell   Upper Arlington  Westerville  Worthington

 

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July Housing Market Report
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Jason Opland

Columbus, OH

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Better Homes and Gardens Realty

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My name is Jason Opland and welcome to my blog! This will be an inside look at the Columbus, Ohio Real Estate Market. For over 6 years, I have specialized in helping clients sell and purchase homes in Columbus and all across Ohio. Everything you need to know about buying or selling a home can be found here on my Blog! As an experienced real estate professional in the Columbus community, I am dedicated to providing the finest service available while breaking new ground. If you have any questions, or if you’re interested in buying or selling a home in Columbus, I’d invite you to call or email me today!


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