Property

What is the ‘fair market value’ of my home?

most houses sell for the fair market value – the price a willing buyer will pay, and a keen seller will accept, given that neither the buyer or seller is under pressure to close the deal.

Michael Yardney 11 May, 2018

When selling our homes we all want the best price possible, while the buyer is usually after the best deal they can get.

However, most houses sell for what I would call fair market value — the price a willing buyer will pay, and a keen seller will accept, given that neither the buyer or seller is under pressure to close the deal.

Of course, sometimes buyers get a great deal and at other times they overpay.

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About the author

Michael Yardney

Michael Yardney is a director of Metropole Property Strategists, which creates wealth for its clients through independent, unbiased property advice and advocacy. He is a best-selling author, one of Australia’s leading experts in wealth creation through property and writes the Property Update blog.