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"Thank you for thinking of us!"
"Thank you for thinking of us! You two go out of your way to think of us and everyone you have worked with - that is why if we ever come across anyone moving to the area or moving out - we mention we know two great people that would be happy to assist them in their transition! I hope the holiday season went well for you and the rest of the winter season goes well too!"
"Danielle Springer"
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About Appraisals >Fair Market Value
What is the best price for a piece of real estate? Mortgage lenders, appraisers, and real estate brokers use what is called the "fair market value" (FMV). FMV has been defined as "the price that a buyer is willing to pay and the seller is willing to accept, when both parties are knowledgeable about the property and neither is under any time pressure to buy or sell". Sounds great, but how is this price determined?
The starting point for determining a fair price may be an opinion of the value or "comparative market analysis". Such an analysis uses information on similar properties which are: 1) currently for sale, 2) already sold, or 3) expired properties (those which did not sell). Local, national and international trends and market conditions must also be evaluated.
By comparing similar properties in each of the three categories and the market conditions, appraisers, lenders and agents come very close to the maximum price that buyers would be willing to pay for a house.
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| Q |
What area in the U.S. is known for its pre-civil war mansions?
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Natchez, Mississippi boasts over 500 pre-civil war-style mansions; many are open to the public as museums. |
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"I Trust The Werling Team"
"I placed trust with The Werling Team for my real estate needs when I purchased my home."
John McCullough
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