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- DictionaryFair-mar·ket val·ue
noun
- 1. a selling price for an item to which a buyer and seller can agree.
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Jun 15, 2024 · What Is Fair Market Value? Fair market value is the price that an asset would sell for under current market conditions, assuming that both the buyer and the seller are...
Jul 30, 2024 · The meaning of FAIR MARKET VALUE is a price at which buyers and sellers with a reasonable knowledge of pertinent facts and not acting under any compulsion are willing to do business.
Apr 19, 2023 · The fair market value is the price at which a property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.
The fair market value (FMV) is the value of property as determined by the marketplace (or objective purchasers) rather than as determined by a subjective individual.
Dec 19, 2023 · In real estate, a home’s fair market value is the price that a willing buyer would pay a willing seller for the home in an open market, without current supply and...
Fair market value (FMV) is the price that an asset would realistically sell for on the open market. Learn about how FMV is used and why it's important.
Fair market value generally means the highest price, expressed in dollars, that a property would bring in an open and unrestricted market between a willing buyer and a willing seller who are both knowledgeable, informed, and prudent, and who are acting independently of each other.
Aug 3, 2024 · Fair market value (FMV) is the price of an asset when buyer and seller have reasonable knowledge of it and are willing to trade without pressure.
What is Fair Market Value? The fair market value (of a good or service being exchanged) refers to the price at which both transacting parties (the buyer and the seller of that good or service) have agreed to independently. If certain conditions are met, the fair market value will represent an accurate valuation of the goods being exchanged.
Fair market value (FMV) is the price a product would sell for on the open market if both buyer and seller are reasonably knowledgeable about the asset, acting in their own best interests, are not under undue pressure, and are given a reasonable time period to complete the transaction.
