fair market value
noun
: a price at which buyers and sellers with a reasonable knowledge of pertinent facts and not acting under any compulsion are willing to do business
Examples of fair market value in a Sentence
Recent Examples on the Web
Home appraisal fees: Also known as property appraisal fees, these are fees lenders charge homebuyers to have a private appraiser visit the property being purchased and place a fair market value on the home.
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Khristopher J. Brooks, CBS News, 8 June 2024
According to appraisals received by the university, the fair market value of the O’Keeffe is estimated at $10.5 million to $15 million; the Hassam, between $1 million and $3.5 million; and the Church at $1 million to $3 million.
—Amy Lavalley, Chicago Tribune, 7 June 2024
The Sharks didn’t have enough room under the salary cap to pay Pavelski fair market value after Couture, Evander Kane, Erik Karlsson, Vlasic, and Martin Jones signed lengthy contract extensions in the previous two years.
—Curtis Pashelka, The Mercury News, 4 June 2024
At the time, the parcels were collectively assessed at a fair market value of roughly $7.8 million.
—Bill Lukitsch, Kansas City Star, 22 May 2024
See all Example Sentences for fair market value 
Khristopher J. Brooks, CBS News, 8 June 2024
According to appraisals received by the university, the fair market value of the O’Keeffe is estimated at $10.5 million to $15 million; the Hassam, between $1 million and $3.5 million; and the Church at $1 million to $3 million.
—Amy Lavalley, Chicago Tribune, 7 June 2024
The Sharks didn’t have enough room under the salary cap to pay Pavelski fair market value after Couture, Evander Kane, Erik Karlsson, Vlasic, and Martin Jones signed lengthy contract extensions in the previous two years.
—Curtis Pashelka, The Mercury News, 4 June 2024
At the time, the parcels were collectively assessed at a fair market value of roughly $7.8 million.
—Bill Lukitsch, Kansas City Star, 22 May 2024
See all Example Sentences for fair market value
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“Fair market value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fair%20market%20value. Accessed 18 Jun. 2024.
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