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What is Fair Market Value?

The fair market value of a home is the price a buyer would be willing to pay a seller for a home in an open market. It tries to disregard current supply and demand conditions — that is, how hot the real estate market is in your area currently — to determine worth based on the home’s fundamentals.


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jerry
jerry
Apr 14, 2023

It tries to ignore the current supply and demand conditions, or how hot the local real estate market is right now, in order to determine value based on the fundamentals of the house.


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jone martin
jone martin
Apr 11, 2023

In order to calculate value based on the fundamentals of the house, it attempts to ignore the current supply and demand circumstances, or how hot the local real estate market is at the moment.


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