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About Appraisals >Three Caballeros
When you buy a house or refinance your present home, your lender will ask you to pay for an appraisal to help ensure that the sales price and mortgage amount is consistent with the property's market value. The appraiser will look for "three caballeros" or three "comparables" -- homes that are very similar to the one you are buying -- and will make adjustments to reflect the differences between the properties.
Housing patterns tend to be homogenous, meaning that homes worth $300,000 are usually located in $300,000 neighborhoods. It is important for properties to be within the general pricing patterns of their neighborhoods because over-valued homes, even if they are exceptional, are sometimes difficult to sell at full market price.
This is not the only factor considered in determining the worth of a property, but it is an important one. The buyer or seller may view the property as a home or an investment, but lenders view it in a completely different way. To a lender, property means security in the event a borrower fails to repay a mortgage. Therefore, lenders must know real estate values in order to limit their risks.
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What is the highest altitude hotel in the world?
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The Hotel Everest View sits at the record altitude of 13,000 ft (3,964 m) above sea level, in the rarified atmosphere of Namche, Nepal, the village closest to the Mount Everest base camp.
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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     
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