Fair Market Value Guide 2024

Fair Market Value Guide 2024. Fair market value is the price, determined by the open market or by an appraisal, that a property would sell for if it were offered to and sold by one person to another without any. In a muted real estate market for many in 2024, ey’s global ifrs real estate survey shows some clear trends in the financial statements of over 50 companies.

Fair market value, also known as fmv, is the price an asset such as a home would sell for on the open market. But if the fmv is higher than the amount you paid, you must use the original cost of the item.