Talk:Fair market value
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[edit] Question
So if I have a business that grows debt free and has an gross of 10 million on its third year with 30 - 40 % going to payroll and other cost, whats my FMV? How does one calculate what it FMV is for a finacial statement or proposal?
Fair Market Value is only applicable upon services and goods that are offered in series/quantities. Simply, because FMV is based on comparison with identical or similar past, actual or expected service and goods. Allroundguy 02:58, 1 March 2007 (UTC)
[edit] Real estate appraisal
User:67.80.208.114 put these comments on the main article, I'm moving them here:
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- The concensus of Appraisal Professionals is that FMV does not apply in
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+ the appraisal process. But rather Market value, the word "fair" is no longer in use when describing Market Value. The definition of Fair market value (FMV) is the price that property would sell for on the open market. It is the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts. An appraisal determins Market Value, which is not necessarily the same as FMV. Grantors and Grantees can choose to buy or sell at a higher or lower price than determined Market Value.
- There is no such entity as a FMV approach, but rather what is an appraisal industry
+ accepted, Market Value Approach, the word "fair" is no longer in use when describing Market Value. Also, the statement "These values can often give wildly different estimates than a fair market value (Read: Market Value) approach." is both mis-leading and unproven. Values are seldomly "wildly different" Values are often close in range, and relevant based on pertinent and relevant data that can be verified.
Someguy1221 02:38, 13 May 2007 (UTC)
[edit] Merge suggestions
I removed the merge suggestions because this article refers to specific instances where "fair market value" is used and where the two suggestsion, market price and fair value are not used. Although when I removed the merge suggestions I goofed a little and refered to FMV twice and said market value when I, of course, meant market price and fair value.EECavazos 02:29, 7 October 2007 (UTC)
