Resources > Glossary > Fair Market Value

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

0-9  A  B  C  D  E  [F]  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z  
Common Terms 1   Common Terms 2

Fair Market Value

Function: noun

Definition 1:
The highest price that a buyer would pay, and the lowest a seller would accept.

Definition 2:
A value similar to what comparable properties in comparable areas would have.