Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from a Millburn, Short Hills, Maplewood and South Orange, New Jersey real estate agent(s). Contact Christine Lassiter today! Find Millburn, Short Hills, Maplewood and South Orange Homes - Find Millburn, Short Hills, Maplewood and South Orange, New Jersey real estate listings & homes for sale provided by Christine Lassiter, your local expert real estate agent(s). For Home Buyers - Get home buying information, the latest listings, mortgage information, expert advice, and much more from Christine Lassiter, a Millburn, Short Hills, Maplewood and South Orange, New Jersey real estate agent(s). For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from Christine Lassiter, Millburn, Short Hills, Maplewood and South Orange, New Jersey real estate agent(s). Millburn, Short Hills, Maplewood and South Orange Information - Find local information on Millburn, Short Hills, Maplewood and South Orange, New Jersey including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by Christine Lassiter, real estate agent(s). Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from Christine Lassiter, Millburn, Short Hills, Maplewood and South Orange, New Jersey real estate agent(s). About Christine Lassiter - Information about Christine Lassiter including testimonials, guarantees, credentials, and contact information. Learn about real estate agent(s) like Christine Lassiter in the Millburn, Short Hills, Maplewood and South Orange, New Jersey area. 
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 |
What is the busiest airport in the world?
|
| A |
According to the Airports Council International, the Hartsfield International Airport in Atlanta, Georgia is currently the busiest airport in the world, serving 76.87 million passengers per year. |
 See More Real Estate Trivia > |
|
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
