Listing Details: Woodstock, Towne Lake and Cherokee County, Georgia Real Estate Listings & Homes For Sale Provided by Ursula Dahle

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.

	See All Tips In The "About Appraisals" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q	What does "contingency" mean in real estate?
A	A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
See More Real Estate Trivia >

Ursula Dahle, REALTOR�, real estate agent and broker for Woodstock, Towne Lake and Cherokee County, Georgia home listings, property and land for sale - NUMBER1EXPERT

Ursula Dahle
Keller Williams Realty Platinum Partners
220 Heritage Walk, Suite 101
Woodstock, GA. 30188
Direct: 678-569-4044
Main Office: 678-494-0644
Fax: 678-484-4044
Direct Fax: 678-484-4044
Email Ursula: ursula@callursula.com
Email Renee: renee@reneepruitt.com
Accessibility is what we are all about. When you want to buy or sell a home, you want to know that your REALTOR� is there and working for you. Why do some agents have all of the listings and others are just getting by with a few? It's the Experience, Service, and Results that a good REALTOR� brings to the table.

I specialize in the sale and marketing of residential real estate and have lived in this area for many years. My team understands your needs and wants the outcome of your transaction to be as smooth as possible. Whether you are buying or selling a home, we are there for you.

www.callursula.com is brought to you by Ursula Dahle
NUMBER1EXPERT in real estate for Woodstock, Towne Lake and Cherokee County, Georgia

Read Ursula Dahle's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge