You look at other houses people are buying.
You look at other houses people are buying. You don’t want to just guess. Perhaps houses near you were selling at [...] Determining Fair Market Value To begin with, forget the word “fair” altogether. By the time you realize your mistake, you may have to sell for $10,000 less than you could have gotten a year earlier. It would be nice to be more certain about these things, but in the end, the most we can hope for is a “best guess.” http://www.HousesUnderFiftyThousand.com/real-estate-appraisal.html What you really want to know is how to estimate that value ahead of time.
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