Tag: Home Value

Setting the Fair Market Value
Posted on 11/10/2019
Setting the Fair Market Value
Image by Andrey Popov from Shutterstock The term "fair market value" is the price at which an interested but not desperate buyer is willing to buy and a motivated but not distressed seller is willing to sell on the open market in your location. The set value depends on recently sold similar-sized homes with like amenities, upgrades, and...
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How Do Assessed Value and Fair Market Value Differ?
Posted on 03/18/2019
How Do Assessed Value and Fair Market Value Differ?
Two terms that you may have heard when talking about real estate is fair market value and assessed value. These two terms are not the same or even interchangeable terms. The assessed value of a home can often be higher than the price the house is being sold. These properties can often be seen as a “bargain” in the...
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