The Fast Home Help Real Estate Blog

How Is “Fair Market Value” Determined?

by Ted Ricasa on May 13, 2014

puzzle pieces reading "value" and "price"

When buying, selling, or even refinancing your own, you will need to know the fair market value. What is the fair market value? Basically, the fair market value is the price your home should fetch on the open market. Arriving at your fair market value consists of taking into account a number of different factors. By knowing the factors professionals use to create a home’s fair market value, you can ensure you receive the most from your investment, whether selling the home or taking out a home equity loan.

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