A home's fair market value is the price it would sell for in a perfectly logical world. It will change from year to year. The Fair Market Value of a home is a number that you would obtain.
- You can pay an appraiser $300 to get a value.
- If you have a Real Estate Broker friend, they might do it.
- You can go on Zillow and look up several homes like yours and get an average price.
If you use the Zillow method you would describe the features of your home as closely as you can. Find the ones closest to your neighborhood, and average them out.
Zillow Website: Zillow Homes for Sale
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