{ "@type": "DefinedTerm", "@id": "https://affordablehousingonline.com/glossary/Fair-Market-Value", "name": "Fair Market Value", "description": "

The amount of money that would probably be paid for a property in a sale between a willing seller, who does not have to sell, and a willing buyer, who does not have to buy. In real estate transactions, fair market value is estimated through the appraisal process. This involves property research and market analysis by a professional appraiser.<\/p>", "inDefinedTermSet": "https://affordablehousingonline.com/glossary" },

Affordable Housing Online is monitoring the federal government's response to the coronavirus disease (COVID-19) outbreak. 

An extensive list of coronavirus resources for low-income households can be found here.

Fair Market Value

View All Glossary Definitions

The amount of money that would probably be paid for a property in a sale between a willing seller, who does not have to sell, and a willing buyer, who does not have to buy. In real estate transactions, fair market value is estimated through the appraisal process. This involves property research and market analysis by a professional appraiser.