The price that an interested but not desperate buyer would be willing to pay and an interested but not desperate seller would be willing to accept on the open market assuming a reasonable period of time for an agreement to arise.
Related information about fair market value:
- Fair market value - Wikipedia, the free encyclopedia
Fair market value (FMV) is an estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would probably pay to ...
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The price that a given property or asset would fetch in the marketplace, subject to the following conditions:1. Prospective buyers and sellers are reasonably ...
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The amount for which real property or Personal Property would be sold in a voluntary transaction between a buyer and seller, neither of whom is under any ...
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Definition of fair market value: The price that an interested but not desperate buyer would be willing to pay and an interested but not desperate seller would be ...
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