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Testimonials ...
What can I say but a million thanks.
Dear Bob,
What can I say but a million thanks. You and Nicole had a huge challenge working with me, an out-of-state trustee, and a slight downturn in the real estate market.
I truly appreciate all the extra footwork you did to expedite the sale of the property at 6300 W. 79th Place. You and Nicole always kept me informed of what was happening with phone calls, letters and faxes. The two of you took care of things of which I had absolutely no knowledge. You kept your cool and were extremely professional in all correspondences with me.
I consider myself lucky to have been so far away from home and to have found people like you who did such an excellent job.
Thanks and good health, wealth and happiness in the coming years.
Sincerely, Susan L. Williamson
Comments from Sue and Guy Williamson
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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 |
What famous American monument is also the world's heaviest statue?
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| A |
The Statue of Liberty, officially named "Liberty Enlightening the World", weighs 54.31 million pounds. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT 
