Find Palm Springs, Palm Desert and Coachella Valley Homes:
Feature Homes - Homes for sale, listings, properties, & other real estate in Palm Springs, Palm Desert and Coachella Valley, California, with virtual tours, photos, and more. Serving Riverside County Real Estate. Search All Local Listings - Search all Palm Springs, Palm Desert and Coachella Valley area MLS listings in California from real estate brokers. National Listings Databases - Homes for sale in national American USA web site listings databases of properties. New Construction - New homes for sale, new construction and newly built properties and real estate subdivisions Unique & Luxury Homes - Home buyers, find luxury homes, real estate, beach front properties, mansions, & acreage/land for sale on these top national & international listings web sites. International Properties - Find international homes for sale on these international/global real estate web sites from Canada, Europe, France, Germany, UK, Great Britain, Spain, Italy, Asia, Africa, and beyond. Search ALL the Experts' Homes - Search the best local homes for sale from all the real estate experts, agents, REALTORS®, and brokers. Go to Main Sitemap - Main sitemap sections include Find Palm Springs, Palm Desert and Coachella Valley Homes, For Home Buyers, For Home Sellers, Palm Springs, Palm Desert and Coachella Valley Information, Real Estate Resources, and About Marcia and Ogden Green. 
Please Sign Up For The Latest Listings and the Latest Real Estate News
 |
About Appraisals >Working With Appraisers
After the buyer and seller come to a "meeting of the minds" on the price of a house, there is one more person who must be convinced that the house is worth the selling price--the mortgage company's appraiser.
The appraiser looks for three similar houses that have sold in the same area within the last several months, and compares the selling prices of these homes with the one that is now on the market. The appraiser makes adjustments to account for the differences in each property, and averages the adjusted prices of the other three homes to arrive at a final opinion of value. In subdivisions or condominium projects where there are many similar properties and numerous recent sales, the appraiser's job is relatively easy. In neighborhoods of older homes that have been renovated or remodeled over the years, it can be like comparing apples and oranges.
If the appraiser's evaluation is lower than the selling price, it can stall the transaction because the lender may decline the buyer's loan because of the discrepancy. A real estate agent can work to minimize potential delays associated with the appraisal process by helping the seller to price the home as close to fair market value as possible.
|
|
| Q |
Where would you go to visit the largest ancient castle in the world?
|
| A |
You would travel to Prague, Czech Republic, to see the Prague Castle, built in the 9th century, with a total surface area of 18 acres. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
