---
title: What is fair market value?
description: Fair market value is the price that a property will bear in the current market. It's the estimated amount a buyer would pay a seller for their property.
---

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# What is fair market value?

## The price that a piece of property will bear in the current market.

Fair market value is the price that a piece of property will bear in the current market. In other words, **it is the estimated amount a buyer would be willing to pay a seller for their property in the present market conditions.**

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