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As a top Northern Illinois area real estate agent, I make it my business to be aware of every local home or property on the market. I often know of properties that will be available, but have yet to formally be placed on the market.
I have direct access to the Buffalo Grove, Deerfield and Libertyville MLS (Multiple Listings Service).
If you give me some idea of what you are looking for, I will personally review all our sources of real estate listing information and send you everything within your price range that matches your criteria.
Larry
>> The Greatest Site To Search For Homes <<
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 |
Lenders in 14 states--California, New York, Oregon, Utah, Vermont and Wisconsin and 9 others--have what in common?
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Lender in these states must pay interest on funds held in escrow accounts. |
 See More Real Estate Trivia > |
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NUMBER1EXPERT™
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