|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 530-271-3815.
|
Request My Free Relocation Package!
Moving your family to another town or state is a major event in your life! I have helped many families and individuals relocate!
Find Out More >
View All Offers >
|
 Compare three mortgages
at one time. Download TripleCalc now. It's free. |
|
|
|
For Home Buyers:
Why Buyers Choose Kathy Papola - Why homebuyers looking for a real estate agent in the Nevada City, Grass Valley and Penn Valley area choose Kathy Papola. Latest Listings - Get Kathy Papola's latest Nevada City, Grass Valley and Penn Valley listings of homes for sale first! Find Your Perfect Home - Kathy Papola will search for your ideal home and email you the newest Nevada City, Grass Valley and Penn Valley MLS listings of properties in County CA. First Time Homebuyers - Are you a first time homebuyer in Nevada City, Grass Valley and Penn Valley, CA? Choose a top real estate agent. Kathy Papola can guide your home buying search. Mortgage Prequalification - Pre-qualify for a mortgage or loan for your Nevada City, Grass Valley and Penn Valley house or other real estate or property. Go to Main Sitemap - Main sitemap sections include Find Nevada City, Grass Valley and Penn Valley Homes, For Home Buyers, For Home Sellers, Nevada City, Grass Valley and Penn Valley Information, Real Estate Resources, and About Kathy Papola. 
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.
|
| Q |
What weighs 320 tons and is considered the largest single block building?
|
| A |
Pyramid of Mycerinus (Third Pyramid) at El Gizeh, Egypt is the largest single block building and the world's oldest pyramid. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT 
