Fair Market Value
Updated 04/29/2024

In real estate, fair market value (FMV) is the determined price for which a property will sell in an open market. The FMV is determined by a willing buyer and seller who are both reasonably knowledgeable about the property in question. To determine what fair market value is, you should begin with what it isn’t: fair market value isn’t what you (the buyer or seller) think the worth is. It’s not always the appraised price, and it’s not always the tax value.

Mortgage Guides

Conventional, VA, FHA, etc. What does it mean?

Local Guides

Explore the best of Middle Tennessee

View Floor Plans and Get Prequalified For A Home Today

Brian/DestinyHomes

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Dalton/Ardent

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Emily/Parkside Form

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Samantha/SmithDouglas

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Brittney/SignatureHomes

First Name(Required)
Last Name(Required)