Who determines the fair market value of a house?

Answer Most lenders rely on a home appraisal to determine the fair market value of a house. A home appraisal compares the residence to like homes sold in the area in the past year to determine its fair ma... Read More »

Top Q&A For: Who determines the fair market value of a house

What is the difference betweeb assessed value and fair market value on property tax statements?

The assessed value of a home is used to levy property taxes. It is determined by averaging the data from neighborhood studies, sales transactions and inspections, according to the city of Milwaukee... Read More »

What is the difference between fair value and market value?

Fair value is the value of all assets and liabilities calculated to determine the true worth of a company. It is also called fair price if all assets were sold or liquidated. Market value is the pr... Read More »

What is fair market value in the stock market?

Fair market value in the stock market is the price that an interested buyer would be willing to spend and an interested seller would be willing to accept on the open market, according to InvestorWo... Read More »

How do I calculate fair market value?

Valuation DateDetermine the valuation date to be used. In the case of a divorce or other litigious matter, the valuation date is the date the action was filed in court. In the case of gift and esta... Read More »