You can depend on my knowledge & experience in selling real estate for 23 years! Whether buying or selling, I will guide you through the entire process from start to finish & beyond the closing! I have built my network base by creating a life long commitment to my clients. Begin today by making the right move, Call Nancy Reardon. #1 Realtor Prudential Granby Office! Top 2% of Realtors Nationwide and #1 Customer Service Provider in the State!
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About Appraisals >Three Caballeros
When you buy a house or refinance your present home, your lender will ask you to pay for an appraisal to help ensure that the sales price and mortgage amount is consistent with the property's market value. The appraiser will look for "three caballeros" or three "comparables" -- homes that are very similar to the one you are buying -- and will make adjustments to reflect the differences between the properties.
Housing patterns tend to be homogenous, meaning that homes worth $300,000 are usually located in $300,000 neighborhoods. It is important for properties to be within the general pricing patterns of their neighborhoods because over-valued homes, even if they are exceptional, are sometimes difficult to sell at full market price.
This is not the only factor considered in determining the worth of a property, but it is an important one. The buyer or seller may view the property as a home or an investment, but lenders view it in a completely different way. To a lender, property means security in the event a borrower fails to repay a mortgage. Therefore, lenders must know real estate values in order to limit their risks.
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What is the most common street name in the US?
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Second Street ranks as the most common street name. First Street is not #1 because many "First" streets are called "Main" Street. |
 See More Real Estate Trivia > |
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Nancy Reardon
Prudential CT Realty
9R Hartford Avenue
Granby, CT 06035
Office: 860-836-7506
nancyreardon@NUMBER1EXPERT.com
You can depend on my knowledge & experience in selling real estate for 23
years! Whether buying or selling, I will guide you through the entire
process from start to finish & beyond the closing! I have built my network
base by creating a life long commitment to my clients. Begin today by making
the right move, Call Nancy Reardon.
#1 Realtor Prudential Granby Office! Top 2% of Realtors Nationwide and #1
Customer Service Provider in the State!
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