Fair Market Value way lower than asking price of home?

Mar 07, 2009 by Faerie S | Posted in Renting & Real Estate

I am looking at a home, 1st time buyer, and very interested. But confused! The asking price is 89,000. I looked up the property cards and it lists that this homes fair market value is 44,800. This was last appraised on 1/10/2008. Are they asking way to

Appraisals are not public information, even if you knew it was appraised you would not know for how much. If you are looking up the value for property tax it has NOTHING to do with actual value.

Those numbers are calculated based on

Landlord | Mar 08, 2009

The FMV isn't always accurate, so just because you found $44,800 as the fair value doesn't mean that is the house's true fair value. You should have your realtor look up recently sold homes similar to the one you are considering to see what the market
Amanda | Mar 07, 2009

How do you get a home's fair market value?

Aug 03, 2009 by Rochelle | Posted in Renting & Real Estate

I am currently looking at a couple of homes and would like to know their fair market value. I have tried finding websites online but can't find any. All the ones I have found can't locate the address. How do I get this?
i found the tax value/market

Try zillow.com as a rough approximation. Click on the link for comparable sales and it will list nearby properties that have sold recently. You can choose the ones most similar (e.g. BR, BA and Sq. Ft.) to get an idea of the value of the property in question.

Dale H | Aug 03, 2009

2-3 Bedrooms Brick Home

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Report: Top college athletes worth 6 figures

12.09.11

WASHINGTON (AP) — The average fair market value of top-tier college football and men's basketball players is over $100,000 each, and the athletes are entitled to at least a portion of that, a new report from an advocacy group argues.

Instead of getting what they're worth, the players receive athletic scholarships that don't cover the full cost of attending school, leaving many of them living below the poverty line, says the report, "The Price of Poverty in Big Time College Sport."

A national college athletes' advocacy group and a sports management professor calculate in the report that if college sports shared their revenues the way pro sports do, the average Football Bowl Subdivision player would be worth $121,000 per year, while the average basketball player at that level would be worth $265,000.

Source: The Associated Press

fair market value of home - Bookshelf


Home Buying for Dummies
408 pages 		Home Buying for Dummies

Creator: Eric Tyson, Ray Brown | Business & Economics - 2009-04-24
Don't squander your hard-earned money on an overpriced house to satisfy a seller's unrealistic fantasy. Fair Market Value Natural disasters aside, ...
Publisher: For Dummies
J.K. Lasser's Your Income Tax 2008, For Preparing Your 2007 Tax Return
816 pages 		J.K. Lasser's Your Income Tax 2008, For Preparing Your 2007 Tax Return

Creator: J. K. Lasser Institute | Business & Economics - 2007-10-19
Loss Allowed This is the lower of (1) your adjusted basis (29.6) for the house at the time of conversion or (2) the fair market value at the time of ...
Publisher: Wiley
Congressional edition Congressional edition

Creator: United States. Congress | Political Science - 1946
The following value of this tract is its fair market value providing it were free of ... by the depreciation in the market value of the property injured. ...

How Much is the Fair Market Value of a House. | Suite101.com

A seller always wants to sell at the highest price while a buyer always wants to buy at the lowest price. The price at which both buyer and seller would agree to do business determines the fair market value of a house. It take a little research and effort to arrive at the fair market value of a house, but knowing its fair market value allows a seller to sell his or her property at a reasonable price, and allows a buyer to avoid paying too much.

...

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fair market value of home - News


Report: Top college athletes worth 6 figures
The Associated Press - Sep 12, 2011
WASHINGTON (AP) — The average fair market value of top-tier college football and men's basketball players is over $100000 each, and the athletes are entitled to at least a portion of that, a new report from an advocacy group argues.

Storm Damage Might be Tax-Deductible
TheStreet.com - Sep 13, 2011
Storm Damage Might be Tax-Deductible The amount of loss for personal (nonbusiness use) property is the lower of the adjusted basis of the property or the decrease in fair market value of the property. (What is adjusted basis? For a home, it would be the purchase price plus any capital

Property values plunge by 7.4%
Youngstown Vindicator - Sep 11, 2011
State law and the courts have determined that fair-market value should be the gauge for setting property values. Fair-market value is the most likely price a property would sell for in an open market, where neither the buyer, nor the seller,

Town Council to Vote on Lumberyard Grant Application Tuesday
Patch.com - Sep 12, 2011
“The property is owned by the town, so there is (sic) no land acquisition costs that could otherwise be prohibitive” (TOD application). What is the fair market value of the Lumberyard lot property? Will the town “give” the lot to a developer?

Concierge Auctions Successfully Sells Big Step Farm in Farmville, Virginia ...
MarketWatch (press release) - Sep 13, 2011
About Concierge Auctions: Concierge Auctions is the preeminent luxury real estate auction firm serving high-end sellers nationwide through an accelerated marketing process that obtains fair market value for high-end properties in a 60-day timeframe.

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