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Fair Market Value Of My Home

The fair market value is a price that is acceptable for both buyer and seller in simple terms. Often when the price is negotiated the buyer reaches a point where he specifies the maximum amount he is willing to pay for the property and the seller accepts the lowest agreed upon payment beyond which the sale could not exist.

How Is Market Value Determined ?

Market value for properties is determined using varied factors. There are several factors that influence the market price of any property. The main factors that can decide the market price is the location, school district, conveniences, ratings and also facilities. Then other physical factors such as age of the property, size, and land value finish, quality of construction and additional features that would be determining the price of the property.