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About Appraisals >A Market Analysis
Setting the right price is an important first step in the process of selling a home. Is it necessary to spend $200 to $400 for a professional appraisal of your property before placing your home on the market?
A professional appraiser's opinion of a property's market value is based on the recent sales of similar homes in the neighborhood, and on the square footage and condition of the property. Different appraisers might come up with different figures. Even if all of them agreed on a value, there is no guarantee that you would receive that amount for your property.
An alternative to a professional appraisal is to ask a professional real estate agent for a written market analysis of your property. This analysis will include information about recent home sales in your neighborhood, as well as how those homes compare to yours. Real estate agents may provide this service with no charge or obligation. If you are still unsure of the value of your home, you may wish to pay for an appraisal.
Who is "Fannie Mae" and why is she a big name in real estate?
A
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders.
Terrie Cox RE/MAX Equity Group Vancouver Real Estate 7700 NE Greenwood Drive, Suite 100 Vancouver, WA 98662 Direct Anytime: 360-607-4100 Toll Free: 888-888-8284 Fax: 360-699-6100 Office: 360-699-5100 TerrieCox@NUMBER1EXPERT.com
Terrie Cox has been a Multi Million Dollar producer in Real Estate for years. Over the years she has been awarded RE/MAX Lifetime Achievement, Chairman's Club, Hall of Fame and Platinum Club Awards and #4 Top Producing RE/MAX Agent in Washington State, #6 Pacific Northwest for Year 2006. Terrie is a high achiever and on a mission to help her clients find that perfect home and make their relocation a smooth transaction. Terrie's former builder background, relocation certification and internet/on-line home knowledge are a good combination in helping her clients. Receive School & neighborhood reports & daily emails of every new home on the market. Terrie's warm and sincere personality has made her a leader in the industry. Call anytime, she makes herself available.
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