Legal Definition and Related Resources of Fair Market Value

The price at which a seller and buyer , dealing at arm’s length with each other and neither of them being under any compulsion , will trade . The price that the property will fetch in the market place . The word fair imports the concept of a market which is not disturbed by factors similar to either transient boom or depression and where vendors, ready but not over anxious to sell, meet purchasers ready and able to buy. See Daly v Nau, (Ind.App.) 339 N.E.2d 71.

Browse or run a search for Fair Market Value in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Fair Market Value in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Fair Market Value in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Fair Market Value in the Legal Abbreviations and Acronyms Dictionary.

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See also

Market Value in the American legal Encyclopedia

United States Tax Concept of Fair Market Value

The price at which a willing seller will sell, and a willing buyer will buy, in an arm’s length transaction when neither is under compulsion to sell or buy and both have reasonable knowledge of the relevant facts. To establish fair market value it is common to compare other similar property sold near the same time as your property.

Concept of Fair Market Value in the context of Real Property

A short definition of Fair Market Value: Price that probably would be negotiated between a willing seller and willing buyer in a reasonable time. Usually arrived at by comparable sales in the area.

Concept of Fair Market Value in the context of Real Property

A short definition of Fair Market Value: Price that probably would be negotiated between a willing seller and willing buyer in a reasonable time. Usually arrived at by comparable sales in the area.