|
|
All agents are NOT alike! Find out why we are top real estate experts. Call us: 817-849-8630.
|
Find Out About the Latest Homes for Sale First!
We add our newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS.
Find Out More >
View All Offers >
|
 Compare three mortgages
at one time. Download TripleCalc now. It's free. |
|
|
|
Plano, Allen, Tarrant County and Mid-Cities Information:
About Plano - Moving to Plano, Texas? Get info here... About Allen - Moving to Allen, Texas? Get info here... About Bedford - Moving to Bedford, Texas? Get info here... About Colleyville - Moving to Colleyville, Texas? Get info here... About Grapevine - Moving to Grapevine, Texas? Get info here... About Hurst - Moving to Hurst, Texas? Get info here... About Southlake - Moving to Southlake, Texas? Get info here... About Euless - Moving to Euless, Texas? Get info here... About North Richland Hills - Moving to North Richland Hills, Texas? Get info here... About Flower Mound - Moving to Flower Mound, Texas? Get info here... School Reports - Reports for Plano, Allen, Tarrant County and Mid-Cities schools kindergarten, elementary, and high schools. Relocating? - Free real estate information & relocation package if you're relocating to Plano, Allen, Tarrant County and Mid-Cities, in Tarrant and Denton County TX. Go to Main Sitemap - Main sitemap sections include Find Plano, Allen, Tarrant County and Mid-Cities Homes, For Home Buyers, For Home Sellers, Plano, Allen, Tarrant County and Mid-Cities Information, Real Estate Resources, and About Bev Young. 
Please Sign Up For The Latest Listings and the Latest Real Estate News
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.
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
