These properties are presented by Jennifer Kelly of RE/MAX Alliance.
If you need to buy or sell a home in Northern Colorado, look no more! We'll work together to get you what you need. Call today for more information on buying or selling real estate in NoCo! Email: jenniferkelly@NUMBER1EXPERT.com Phone: 970-581-9005
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"A model of how the Internet can facilitate the process of deciding where to send your children to school" - America's Best School Profiles by The Heritage Foundation
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.
Jennifer Kelly RE/MAX Alliance 4703 A Boardwalk Drive. Fort Collins, CO 80525 Cell: 970-581-9005 Direct: 970-206-8247 FAX: 970-225-0118 jenniferkelly@NUMBER1EXPERT.com
My clients are important to me and I am passionate about real estate and helping by buyers, sellers, and those in a distressed situation get RESULTS!!!
- NUMBER1EXPERT 
