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What is the difference between fair market value and asking price?

April 26, 2017asking fair market price value

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What is the difference between fair market value and asking price?

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Generally speaking the owners asking price the advertised price of a house when it goes on the market is set slightly higher than fair market value. You can assume that some negotiation will be necessary to reach an agreement with a buyer. In most case, the agent who represents you with the results of your CMA will be willing to help you establish a competitive pricing strategy.

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The owner’s asking price, the advertised price of a timeshare when it goes on the market, is set slightly higher than the fair market value. You can assume that some negotiation will be necessary to reach an agreement with a buyer.