Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from Dusty, a proven Morristown, Randolph, Morris Township, Harding and Mendham, New Jersey NUMBER1EXPERT™ Top Selling real estate agent. Find Morristown, Randolph, Morris Township, Harding and Mendham Homes - Find Morristown, Randolph, Morris Township, Harding and Mendham, New Jersey real estate listings & homes for sale provided by Dusty, your local expert real estate agent. For Home Buyers - Get home buying information, the latest listings, mortgage informaiton, expert advice, and much more from Dusty, a proven Morristown, Randolph, Morris Township, Harding and Mendham, New Jersey NUMBER1EXPERT™ Top Selling real estate agent. For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from Dusty, a proven Morristown, Randolph, Morris Township, Harding and Mendham, New Jersey NUMBER1EXPERT™ Top Selling real estate agent. Morristown, Randolph, Morris Township, Harding and Mendham Information - Find local information on Morristown, Randolph, Morris Township, Harding and Mendham, New Jersey including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by Dusty, a proven NUMBER1EXPERT™ Top Selling real estate agent. Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from Dusty, a proven Morristown, Randolph, Morris Township, Harding and Mendham, New Jersey NUMBER1EXPERT™ Top Selling real estate agent. About Dusty - Information about Dusty including testimonials, guarantees, credentials, and contact information. Learn why Dusty is a proven Morristown, Randolph, Morris Township, Harding and Mendham, New Jersey NUMBER1EXPERT™ Top Selling real estate agent.
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 |
What was the first land designated by the US government as a National Park?
|
| A |
Yellowstone was established "as a public park or pleasuring ground for the benefit and enjoyment of people" in March 1872. |
 See More Real Estate Trivia > |
|
|
|
- NUMBER1EXPERT™ 
