|
|
|
|
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.
|
| Q |
What was the first territorial acquisition made by the U.S. Government?
|
| A |
The Louisiana Purchase from France in 1803 for $15,000,000 increased U.S. national territory by 140%. |
 See More Real Estate Trivia > |
|
|
Pokorney/Sutton Group
Realty Executives
23200 North Pima Rd, Suite 200
Scottsdale, AZ 85255
Direct: (602) 686-6464
Office: (602) 707-9307
Fax: (480) 585-9130
KarenPokorney@NUMBER1EXPERT.com
Email: Karen@AZRealEstateGroup.com
The Pokorney/Sutton Group is the source for all your residential real estate needs. Realtor®
Karen Pokorney is a Certified Residential Specialist (CRS) and an Accredited Buyer Representative (ABR) with over 20-years of real estate success stories to share. Karen has successfully guided hundreds of clients through the buying, selling, investing and relocating process on the principles of professionalism, dedication, trust and exemplary customer service. Karen has assembled a team of experienced, hard-working professionals committed to helping you achieve your real estate goals. Whether you are looking to sell your multi-million dollar home, purchase a vacation/golf course property, seek investment opportunities or a first-time home buyer, the Pokorney/Sutton Group is for you!
Call or e-mail us today! (602)686-6464     
www.PokorneySuttonGroup.com is brought to you by
Pokorney/Sutton Group
NUMBER1EXPERT™ in real estate for
Scottsdale, Phoenix and Cave Creek, Arizona Read Pokorney/Sutton Group's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed. |
- NUMBER1EXPERT™ 
