|
Search Local MLS!! Click on "Find Homes" above and then "Search Local Listings"
|
Moving your family to another town or state is a major event in your life! We have helped many families and individuals relocate!
Find Out More >
View All Offers >
|
Utmost Appreciation
Your professional yet friendly handling of my listing, sale, and final closing of my property was the easiest property sale I've ever had.
Jean Stephens
Read Quote >
View All Quotes >
|
 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
Richard Martin & Associates
are some of The Top Selling Real Estate Experts™
Find Out More > |
|
|
 |
 |
Why Sellers Choose
Richard Martin & Associates: Why home sellers in Palm Springs, Palm Desert, and La Quinta choose
Richard Martin & Associates |
|
Free Presentation: Free
in-home listings presentation on marketing your Palm Springs, Palm Desert, and La Quinta,
California property |
|
Property Valuation: How much is your
Palm Springs, Palm Desert, and La Quinta home worth? |
|
What Did That Home Sell For?: What did that
Palm Springs, Palm Desert, and La Quinta, California property or other real estate sell
for? |
|
FSBO: Selling your
Palm Springs, Palm Desert, and La Quinta real estate on your own? |
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 |
Where is the world's largest wine cellar, and how big is it?
|
| A |
A company in the center of the wine-growing district of South Africa has a cellar that covers an area of 54 acres and has a capacity of 27 million gallons. |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERTS™ 
