Primary Residential Mortgage, Inc.
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The fair market value is your house’s price if you were to sell it in the open market. It is based on several factors, including the real estate’s economic value. Knowing your house’s fair market value will help lenders refinance or approve your home equity loan and is used by tax assessors to calculate your property taxes. It is also used by insurers as a basis on what insurance premiums best fit your real estate in cities like Broken Arrow. Here are some of the tips on how to check your house’s fair market value.