Tag: PurchasePrice

What is OMV? Open Market Value (OMV) vs. Purchase Price (PP): Understanding the True Value of Your Property

Nov 17, 2025

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by

Clara Simo

in Mortgages, Property & Entrepreneurship, Property Investment, Property to sell

In the world of property and finance, two terms frequently surface that can cause confusion for buyers, sellers, and investors alike: Open Market Value (OMV) and Purchase Price (PP). While they may seem interchangeable at first glance, they represent fundamentally different concepts, and understanding the distinction is crucial for making informed decisions, especially when securing…