an estimate of the market value of a property

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 a knowledgeable, willing, and unpressured seller in the market.

What a willing buyer will pay a willing seller

Fair market value: What a willing buyer will pay a willing seller.

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

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

that property would sell for on the open market

Fair market value (FMV) is the price for which the property would sell on the open market – this is not the “blue book” value.

the price

“Fair market value” is defined as the price

the price a buyer and seller can agree upon assuming both are knowledgeab

Fair market value is the price a buyer and seller can agree upon assuming both are knowledgeab...

The amount at which property would exchange between a willing buyer and a willing seller

Many courts and the Internal Revenue Service have defined fair market value as: “The amount at which property would exchange between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having a reasonable knowledge of relevant facts.”

the amount of money a well-informed buyer and seller would accept for property in an open and competitive market without any outside influence

Fair market value is the amount of money a well-informed buyer and seller would accept for property in an open and competitive market without any outside influence.

an estimate of the market value of a property or asset

Fair Market value (FMV) is an estimate of the market value of a property or asset.

the price an asset would bring in the open market

Fair market value is defined as the price an asset would bring in the open market assuming both the prospective buyers and sellers are knowledgeable, behaving in their best interests, and operating free of pressure and with a reasonable amount of time to complete the transaction.

a reasonable price a buyer would pay

In basic terms, fair market value (FMV) is a reasonable price a buyer would pay and a seller will accept.

the highest price, expressed in a dollar amount that the item would bring, in an open and unrestricted market, between a willing buyer and a willing seller who are knowledgeable, informed and prudent and who are acting independently of each other”

Fair market value is “the highest price, expressed in a dollar amount that the item would bring, in an open and unrestricted market, between a willing buyer and a willing seller who are knowledgeable, informed and prudent and who are acting independently of each other”.

the price at which an item would change hands between willing buyers and willing sellers, neither being under the compulsion to buy or sell, and both having reasonable knowledge of the relevant facts in the most common market which is reasonable and realistic for a purchaser who is an ultimate consumer of the item

Fair market value is the price at which an item would change hands between willing buyers and willing sellers, neither being under the compulsion to buy or sell, and both having reasonable knowledge of the relevant facts in the most common market which is reasonable and realistic for a purchaser who is an ultimate consumer of the item.

what a hypothetical willing buyer would pay a hypothetical willing seller

“Fair market value” typically is defined as “what a hypothetical willing buyer would pay a hypothetical willing seller.”

the price received for an item sold in the normal course of business

Fair market value is the price received for an item sold in the normal course of business (not at a forced liquidation sale).

the reasonable selling price of a business, stock, real estate or other assets

Fair market value is the reasonable selling price of a business, stock, real estate or other assets.

the value established between a willing buyer and a willing seller

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

the price they would get

Fair market value is generally the price they would get if the property sold on the open market.

period

Business valuation: Fair market value is what a willing buyer will pay a willing seller, period.

agreed upon and in which the money and property exchange hands between a home buyer and home seller.

Fair Market Value is the price agreed upon and in which the money and property exchange hands between a home buyer and home seller.