“Fair market value is the benchmark, and probably the closest number to what a home is truly worth. At its heart, fair market value helps prevent home sellers and buyers from being taken advantage of, and is a good thing for both parties. And it’s worth knowing the term in case you feel like someone’s stance on a home’s price is off base.”
http://www.realtor.com/advice/buy/what-is-fair-market-value/?iid=rdc_news_hp_carousel_theLatest
