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fair market value of my home

Calculate the fair market value of the home. Take the average sold price and divide it by the average square footage to get the average price per square foot in the local market. Then take that amount and multiply it by the square feet in the home. This will give you the fair market value of the home.

If the value of a house has changed over time, the cost of replacing it might be used as an indicator of the fair market value.For example, If a home you bought for $300,000 burns down, because of increases in land value or construction costs, rebuilding the same home may now cost $350,000.

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Over-estimating the fair market value of your home can adversely affect your eligibility for financial aid. This calculator uses the Federal Housing Index Multiplier.

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Market Value. The market value of a home is typically the price it sells for, not the price for which it could sell. Any number of factors could influence the going price or market value of your house, with many of these factors based on buyer and seller motivation and the buyer’s feelings about the property.

Determining Property Value the Right Way (How much should you pay for a house) Fair market value is defined as "the price for which you could sell your property to a willing buyer, when neither of you has to sell or buy and both of you know all the relevant facts."

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The fair market value of a home is what a buyer is willing to pay for the property and what the seller is willing to accept. This occurs when neither party is under duress and both are.

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