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Fair Market Value (FMV) | What It Is and How to Calculate Fair market value is the price, determined by the open market or by an appraisal, that a property would sell for if it were offered to and sold by one person to another without any undue influence
What Is Fair Market Value (FMV) and How Is It Calculated? Fair market value refers to the price at which a business, property or other asset would sell in an open, competitive market Here, both the buyer and seller have access to relevant information, adequate time to complete the transaction and no pressure to buy or sell
Fair market value - Wikipedia The fair market value of property is the price at which it would change hands between a willing and informed buyer and seller The term is used throughout the Internal Revenue Code, as well as in bankruptcy laws, in many state laws, and by several regulatory bodies
Fair Market Value - Overview, Significance, Appraisal 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
Fair Market Value (FMV) - Definition, Examples, Calculations A fair market value (FMV) is the price that a person who is fairly interested in purchasing a given asset would pay a person reasonably interested in selling it In other words, it is the value the asset would normally fetch in the marketplace
Fair Market Value: Definition, Importance Calculation Fair Market Value (FMV) is the estimated price at which an asset would change hands between a willing buyer and a willing seller, both having reasonable knowledge of relevant facts and acting in their own best interest without pressure