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the cash or its equivalent at which the property would change hands between a willing buyer and a willing seller when the former is not under any compulsion to buy and the latter is not under any compulsion to sell, both parties having reasonable knowledge of relevant facts.

Fair market value is the cash or its equivalent at which the property would change hands between a willing buyer and a willing seller when the former is not under any compulsion to buy and the latter is not under any compulsion to sell, both parties having reasonable knowledge of relevant facts.

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the value established between a willing buyer and a willing seller – the value

Fair market value is the value established between a willing buyer and a willing seller – the value ’s just that simple.

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the most probable price at which property would change hands between a willing buyer and a willing seller, neither being under any complusion to buy or sell, both having reasonable knowledge of all relevant facts, and with the sale being made to the public in the most relevant market taking into consideration the location of the property

For federal uses such as estate and gift tax or charitable contributions, fair market value is the most probable price at which property would change hands between a willing buyer and a willing seller, neither being under any complusion to buy or sell, both having reasonable knowledge of all relevant facts, and with the sale being made to the public in the most relevant market taking into consideration the location of the property.

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the price a willing buyer would pay a willing seller in a free market

: Fair market value is the price a willing buyer would pay a willing seller in a free market.

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the price a willing buyer would pay and what a willing seller would accept

For reference, “fair market value” is the price a willing buyer would pay and what a willing seller would accept.

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the price that property would sell for on the open market between a willing buyer and a willing seller, with neither being required to act

According to the IRS, Fair Market Value is the price that property would sell for on the open market between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts.

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the most probable price that a property would sell for on the open market

Fair market value is the most probable price that a property would sell for on the open market.

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the price a willing buyer would pay a willing seller, where both parties have reasonable knowledge of relevant facts

Fair market value is the price a willing buyer would pay a willing seller, where both parties have reasonable knowledge of relevant facts.

the price that property would sell for on the open market that would be agreed on between a willing buyer and a willing seller

Fair Market Value – is the price that property would sell for on the open market that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having a reasonable knowledge of the relevant facts.

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the price at which property would change hands between a willing buyer and a willing seller, neither having to buy or sell, and both having reasonable knowledge of all the relevant facts

Note: Fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither having to buy or sell, and both having reasonable knowledge of the relevant facts.

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