Fair Market Value
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Fair Market Value
How is price determined?
The IRS defines fair market value or price as follows:
Fair market value (FMV) is the price that property would sell for on the open market. It is the price that would be agreed upon between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts.
So you could conclude that the price paid determines the worth of an object or property. Slaves were bought and sold with a value placed on each of them.
You also have a value and it is based upon the price paid for you. The price paid for you is greater than silver or gold and all the wealth of the world.
You must know (recognize) that you were redeemed (ransomed) from the useless (fruitless) way of living inherited by tradition from [your] forefathers, not with corruptible things [such as] silver and gold,
But [you were purchased] with the precious blood of Christ (the Messiah), like that of a [sacrificial] lamb without blemish or spot. 1 Peter 1:18-19
If value is the price paid for property, then your value is greater than all the real estate in the world and all the gold in the world. God owns everything in the heavens and earth, so the Multi-Trillionaire of the Universe Holy God, the maker, creator of the Universe gave HIS own son as ransom payment for your sins so you could have HIS value (divine life living in you).
God is a willing buyer. Are you a willing seller? Are you willing to complete the transfer for ultimate appraised value? You are rendered spotless and without blemish. You are washed clean and pure by the sacrificial blood of Jesus Christ. You have taken on the value of Christ in you and you in Christ. You are valued and cherished by your Heavenly Father. You are HIS prized and favored child. You are a son or daughter of God. You can call HIM daddy. You are a Spirit Being made in God’s image and likeness. God loves you.
Your value is unlimited.
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