Check Out These Special Offers From My Affiliates! 

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 >

Margery Jordan
Intracoastal Realty
1900 East Wood Rd Suite 38
Wilmington, NC 28403
Mobile: 910-619-7414
Direct: 910-509-7414
Toll Free: 866-509-7414
Fax: 910-256-4248
MargeryJordan.com

Margery�s Philosophy: My real estate philosophy is different from other realtors. I focus 100% of my efforts on providing the most qualified, economical, and satisfying service to each of my clients. With strong attention to detail, I work to solve any issues quickly and efficiently, making each closing a pleasure for my clients. As your guide, you can depend on my expertise, determination, and integrity to help you purchase your new home or sell your current one. Contact me today, and we'll work together to fulfill your goals!