{"id":12426,"date":"2010-07-21T23:38:43","date_gmt":"2010-07-22T03:38:43","guid":{"rendered":"https:\/\/www.certitrek.com\/nebb\/what-is-fair-market-value\/"},"modified":"2022-12-29T07:38:25","modified_gmt":"2022-12-29T12:38:25","slug":"what-is-fair-market-value","status":"publish","type":"post","link":"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/what-is-fair-market-value\/","title":{"rendered":"What Is Fair Market Value"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>We\u2019ve discussed <a href=\"https:\/\/nebbinstitute.wordpress.com\/2010\/07\/07\/what-is-orderly-liquidation-value\/\">orderly liquidation value<\/a> and <a href=\"https:\/\/nebbinstitute.wordpress.com\/2010\/07\/14\/what-is-forced-liquidation-value\/\">forced liquidation value<\/a> in recent posts. Today, we\u2019ll explain the third type of value a <a href=\"http:\/\/www.nebbinstitute.org\/\">Certified Machinery and Equipment Appraiser (CMEA)<\/a> may assign to your assets: fair market value.<\/p>\n<p>Fair market value is based on the best price you\u2019d receive for your machinery or piece of equipment if it were sold in the open market. When an appraiser determines fair market value, he or she operates under a set of assumptions. The CMEA would assume that the market is open to and accessible by a large number of buyers and sellers, that all rights and benefits attributable to the asset are included in the sale, and that neither the buyer nor the seller is being forced into the transaction and both are knowledgeable about the asset in question.<\/p>\n<p>Other factors can also be taken into consideration when determining fair market value, such as sales of comparable assets, cost to replace the asset, and expert opinions. Because fair market value depends on the availability of sales data for comparable assets and can be affected by place and time of the sale, the value tends to be subjective. This is why it\u2019s so important to rely on an experienced, certified appraiser who understands how to compile and analyze appropriate data so that you can be confident that the asset values you are given are reliable.<\/p>\n<p>By: <a href=\"https:\/\/www.certitrek.com\/nebb\/\">NEBB Institute<\/a><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019ve discussed orderly liquidation value and forced liquidation value in recent posts. Today, we\u2019ll explain the third type of value a Certified Machinery and Equipment Appraiser (CMEA) may assign to your assets: fair market value. Fair market value is based on the best price you\u2019d receive for your machinery or piece of equipment if it [&#8230;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[41,52,53,35,37],"class_list":["post-12426","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-cmea","tag-fair-market-value","tag-machinery-appraisal","tag-nebb-institute","tag-nebbi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v19.13) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is Fair Market Value? NEBB Institute<\/title>\n<meta name=\"description\" content=\"Fair market value is based on the best price you\u2019d receive for your machinery or piece of equipment if it were sold in the open market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/what-is-fair-market-value\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is Fair Market Value\" \/>\n<meta property=\"og:description\" content=\"Fair market value is based on the best price you\u2019d receive for your machinery or piece of equipment if it were sold in the open market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/what-is-fair-market-value\/\" \/>\n<meta property=\"og:site_name\" content=\"NEBB\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NextLevelPurchasing\/\" \/>\n<meta property=\"article:published_time\" content=\"2010-07-22T03:38:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-29T12:38:25+00:00\" \/>\n<meta name=\"author\" content=\"Galo Matagay\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:site\" content=\"@nextlevelpurch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Galo Matagay\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/what-is-fair-market-value\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/what-is-fair-market-value\/\"},\"author\":{\"name\":\"Galo Matagay\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#\/schema\/person\/72d094fab77892483dfa6e061cb27eaa\"},\"headline\":\"What Is Fair Market Value\",\"datePublished\":\"2010-07-22T03:38:43+00:00\",\"dateModified\":\"2022-12-29T12:38:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/what-is-fair-market-value\/\"},\"wordCount\":412,\"publisher\":{\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/#organization\"},\"keywords\":[\"CMEA\",\"fair market value\",\"machinery appraisal\",\"NEBB Institute\",\"NEBBI\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/what-is-fair-market-value\/\",\"url\":\"https:\/\/www.certitrek.com\/nebbinstitute\/blog\/what-is-fair-market-value\/\",\"name\":\"What Is Fair Market Value? 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