Profile picture for Ryan Goodell

Ryan Goodell

Agent

REALTOR (10 years experience)

2 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Commercial R.E.

Advice

  • (1 Contributions,
  • 0 Best Answers,
  • 0 Helpful)

Contributions are sorted newest to oldest.

what is fair market value

Answer

Fair market value is what the property is worth today, given the current market conditions. Fair market value is similar to what the property should appraise for, and not to be confused with the "assessed value". The assessed value is not necessarily an accurate indication of fair market value.

  (0)