Fair Market Value
Today’s real estate word of the day is fair market value. Oh, Shana is going to go ahead and define it. We’re going to use it in a sentence and we’re going to quickly discuss it.
All right. Fair market value, the highest price that a buyer willing but not compelled to buy would pay. And the lowest a seller willing but not compelled to sell would accept. OK.
So fair market value is the actual price in which something transacts, right, at most likely the case. So it’s not like you’re under duress, but you’re you’re just going ahead and you’re doing a transaction. And it’s what people are willing to pay, kind of goes back to real estate one on one.
Yeah, there you go. Fair market value, defined use in a sentence discussed briefly, Bill. Well, that’s a wrap for us today, we discussed two different items, we discussed Starlink. No, we didn’t discuss that. What we discuss, Bitcoin, Bitcoin, Bitcoin, farming, and then how to use TNT and how to find the answers to each one of your different questions. And we define fair market value.
It’s like the Acquisto real estate. Not dictionary, but, it’s kind of like the word of the day, you know, TNT like topics, it’s like. It’s a wiki, so we have an old version of the wiki, maybe I’ll go over that in another episode and explain exactly how to search our whole Acquisto Wiki. The new website only has the ones that we’ve covered in the last, I don’t know, six, eight months, something like that. But before that, we have tons of past episodes that are also on our wiki and fully documented.
They’re like an encyclopedia. That’s what I was trying to think of. our word of the day, fair market value. All right.