Today’s Featured Real Estate Trivia Question
Please complete the following sentence: The “fair market value” of my home is:
(a) Higher than my neighbor’s.
(b) The price that I believe my house is worth, including alotted amounts for hand-selected upgrades such as hot tub, poker room, master bath grotto, etc.
(c) The price that my I believe my house is worth based upon an in-depth comparative analysis of smilar recently sold properties in the area, taking into account all the reasons why my house is better than the comps.
(d) Significantly higher than all the offers that I’ve received since my home has been on the market.
(e) The property valuation given by the King County Tax Assessor’s Office.
(f) The price at which buyers and sellers with a reasonable knowledge of pertinent facts and not acting under any compulsion are willing to do business despite the fact that this amount may deviate significantly from answers (b), (c), or (e) above.
(g) None of the above.