Cedar Park, Round Rock and Austin Texas real estate listings, home buying, selling and relocation information

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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 bizarre post-midnight pageant celebrated the great transformation in Manhattan architecture during the 1920s?
A	Beaux-Arts Architects' Ball (January 23, 1931) at the Hotel Astor commemorated the end of the first skyscraper age.
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Nancy & the goldin Team, REALTORŽ, real estate agents and broker for South St. Louis County, West St. Louis County and South St. Louis City Missouri home listings, property and land for sale - NUMBER1EXPERT(tm)

Lisa Goldin Properties a GCM Holdings INC. company
Downtown Office Location- Frost Bank Tower
401 Congress Avenue #1540, Austin TX, 78701
North/Central Office Location:
9101 Burnet Road, Suite 108, Austin, TX, 78758
Office Phone: 512-347-8744
Fax: 866-703-6572
Cell: 512-632-5128
Toll-Free: 877-892-2987
Email: homes@lisagoldin.com
Email: gcmrelocation@lisagoldin.com
Lisa Goldin Properties, GCM Holdings Inc., REALTORŽ, a full service real estate company, provides positively GOLDIN results in all market conditions, with over 100 million in home sales 2006 & 2007. Lisa Goldin Properties assist hundreds of home buyers and sellers each year and is certified as a Womens Business Enterprise, certified as a HUB. Specializes in selling homes, lofts, condominiums, townhouses, garden homes, new construction homes, custom homes, resale homes and duplexes in Austin, Central Austin, Downtown Austin, Westlake, Round Rock, Cedar Park, Dripping Springs, Lakeway, and all surrounding areas. Lisa Goldin, Broker/Director, GRI, ABR is a true Austin native with over 20 years experience. Lisa and her team are leaders in the real estate industry. Call The real estate team that cares about you and your real estate future.

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