The majority of property values are based on market value. Market value is generally accepted as being the price which the property would bring following a reasonable exposure to the market, where both the buyer and the seller are willing to buy and sell, are not acting under compulsion, and are reasonably informed as to the uses and purposes for which the property is adapted and is capable of being used. That is a hypothetical willing buyer, who did not have to buy, would pay for your property to a hypothetical willing seller who did not have to sell. We know that you did not buy your home as a speculation, but to live in. But, the actions of people who buy and sell property like yours set the value of your property.