Sherman homes for sale Fair Market Value
Fair market value for a house to make a home in the Sherman TX market. What does this mean to a seller and or a buyer?
The Mortgage lenders, Appraisers and Real Estate broker use the term all the time…
Fair Market Value / FMV has been defined as
“the price that a buyer is willing to pay and a 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 wonderful when both parties have agreed to the price of a house to call a home.
But there is more to the aspect of FMV…
This is where the Realtor and the Appraiser are very important.
When the Realtor sits down with a home owner and discusses the market value of a property. There is discussion of what has sold in the last 30,60,90- and 180-day time frame.
What is currently on the market and how long have these properties been on the market. Were there any homes that did not sell?
This will help with showing what the current market trends are.
By comparing similar Sherman Homes for sale properties in each of the three categories and the market conditions, appraisers, lenders and agents come very close to the maximum price that Sherman home for sale buyers would be willing to pay for a house.
Fair Market Value Sherman homes for sale
We’ve learned these tips through experience.
But we know that YOUR situation might be different. That’s why we’re here.
It’s our job to personally advise Sherman Home for sale homebuyers and sellers.
Do any of these tips raise questions for you?
Didn’t find what you’re looking for?
Let us know!
We are happy to answer ANY questions.
It’s our job! There’s no obligation, and we promise to get back to you quickly…
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