Glossary · Buying & selling
What is Fair market value?
Fair market value is the price a home would sell for between a willing buyer and seller in an open market.
Definition
Also known as: FMV
FMV reflects what a property is realistically worth today, assuming both parties are informed and not under pressure. It's shaped by location, condition, features, and recent comparable sales.
Appraisals, CMAs, and market data all aim to estimate FMV — essential for pricing, buying, financing, and taxes.
When fair market value matters
- Pricing a home to sell
- Making a fair offer
- Settling estates or disputes
With Homeprint
How Homeprint helps with fair market value
Homeprint's value insights help you understand your home's worth over time.
- Keep every related document in one secure place
- Track your home's value and finances over time
- Stay connected with trusted neighbourhood experts
Fair market value — FAQ
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