Chattanooga, Ooltewah, Soddy Daisy and Hixson Information:
About Chattanooga - Moving to Chattanooga, Tennessee? Get info here... About Ooltewah - Moving to Ooltewah, Tennessee? Get info here... About Soddy Daisy - Moving to Soddy Daisy, Tennessee? Get info here... About Hixson - Moving to Hixson, Tennessee? Get info here... Attractions - Learn more about attractions in Chattanooga, Ooltewah, Soddy Daisy and Hixson, Tennessee. Arts and Culture - Learn more about arts and culture in Chattanooga, Ooltewah, Soddy Daisy and Hixson, Tennessee. Restaurants - Learn more about restaurants in Chattanooga, Ooltewah, Soddy Daisy and Hixson, Tennessee. Sports - Learn more about sports in Chattanooga, Ooltewah, Soddy Daisy and Hixson, Tennessee. Nature - Learn more about nature in Chattanooga, Ooltewah, Soddy Daisy and Hixson, Tennessee. School Reports - Reports for Chattanooga, Ooltewah, Soddy Daisy and Hixson schools kindergarten, elementary, and high schools. School Information - Chattanooga, Ooltewah, Soddy Daisy and Hixson schools and the education system in Tennessee; kindergarten, elementary, high schools, colleges & universities Relocating? - Free real estate information & relocation package if you're relocating to Chattanooga, Ooltewah, Soddy Daisy and Hixson, in Hamilton County TN. Go to Main Sitemap - Main sitemap sections include Find Chattanooga, Ooltewah, Soddy Daisy and Hixson Homes, For Home Buyers, For Home Sellers, Chattanooga, Ooltewah, Soddy Daisy and Hixson Information, Real Estate Resources, and About Paula McDaniel. 
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 |
Where and when was the first motel introduced on the American commercial real estate scene?
|
| A |
The first motel, appropriately named the "Motel Inn", opened in San Luis Obispo in 1925. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
