Don't go shopping for a new home before you know exactly how much you can spend!  You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It's always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you. In the pre-qualification process, you will find out: - Exactly how much home or land you can afford. - How much cash you will need for the down payment. - The minimum down payment, and advantages of higher down payments. - What the bank feels you can afford for a monthly payment. We help buyers pre-qualify for mortgages every day. Simply fill out the form below to get started. Remember: we will respect your privacy! We know this is your personal information, and we will not distribute it to anyone, other than to our preferred mortgage broker. This service is also provided free of charge, without any obligation on your part. It is part of our job as top San Diego, North San Diego County real estate agents to offer services such as these. Once you fill out the form, we will quickly process your information and get right back to you! We can help you pre-qualify for your mortgage. It's part of our job and it's another free service we provide without obligation...
 |
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 are three of the best indicators of real estate market trends?
|
| A |
Existing home sales, new home building and mortgage interest rates.
|
 See More Real Estate Trivia > |
|
|
The Fisher Team
RE/MAX Ranch & Beach
16730 Bernardo Center Dr.
San Diego, CA 92128
Tel: 800-248-8664
Email: FisherTeam@NUMBER1EXPERT.com
What sets the Fisher Team apart from the crowd is not only their numerous awards - and all the professional designations they have earned, but also the ability each of them has to listen. To be a good agent takes more than simply business skills and real estate experience, of which they have plenty. It takes personal dedication and a caring attitude, rarely found in today’s competitive business world. What matters most to the home buyer or seller throughout the transaction – that’s what is most important to Pam and Bill.    
www.FisherTeamSanDiego.com is brought to you by
The Fisher Team
NUMBER1EXPERT™ in real estate for
San Diego, North San Diego County, California Read The Fisher Team's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
|
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed. |
- NUMBER1EXPERT™ 
