Clients: Aaron and Crystal
Crystal and I really wanted to thank you for the effort you put in with helping us get our perfect house. After seeing one home, you knew what we were looking for better than we did, and followed up the next day with houses we would never have considered only to find that one of them was "the one". Because of your effort we went from "looking" to "sold!" in less than 48 hours, including the negotiations! Again, thanks very much for your help. It really is our perfect home!
You have a story to tell about us. You've worked with us, and we've helped you buy or sell a home. We need your feedback. Others need your feedback, too! Please take a moment to fill out this form and tell us how we did... 
 |
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 |
Nearly every state has a mandate for seller disclosure. What must a seller disclose?
|
| A |
The seller must disclose any existing problems, defects or conditions that could affect the value of the house.
|
 See More Real Estate Trivia > |
|
|
Mike Hornby
ReMax Real Estate Central
206 2411 4th St. NW
Calgary, Alberta, T2M 2Z8
Cell: 403-870-8009
Fax: 403-284-4923
mikehornby@NUMBER1EXPERT.com
Mike has been selling in Calgary, Bearspaw, Springbank, MD of Rocky View, Elbow Valley Estates, Heritage Pointe, MD of Foothills areas for over a decade. He has helped hundreds of clients purchase and sell their homes, through his efforts Mike has recieved many Re/max awards, including induction into the Re/max Hall of Fame and Platinum Club status. Contact Mike today! 403-870-8009
|
www.CalgaryMillionDollarHomes.com
is brought to you by Mike Hornby
NUMBER1EXPERT in real estate for Calgary, Bearspaw and Elbow Valley Estates, Alberta
Read Mike Hornby'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 
