Useful Real Estate Web Sites
Here's a short list of some of the more useful real estate and real estate related sites on the web. When you click on any of the links below, you'll see the site you chose, along with a form at the bottom of your screen. Use it to get answers for any questions you might have about anything you find. Remember: It's our job to know more about real estate than any web site!
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GOVERNMENT REAL ESTATE RESOURCES
Try the US Census
Bureau,
FedStats.com, or the
Bureau of
Labor Statistics for useful information. The
HUD web
site is full of resources. Don't forget
Fannie
Mae,
Freddie Mac, or
Ginnie
Mae. Get home buying tips from the
Federal Consumer Information Center.
LOCAL INFO
Find your local
Chamber of Commerce or
State Government.
Please Sign Up For The
Latest Listings and the Latest Real Estate News
About Appraisals >Working With Appraisers
After the buyer and seller come to a "meeting of the minds" on the price of a house, there is one more person who must be convinced that the house is worth the selling price--the mortgage company's appraiser.
The appraiser looks for three similar houses that have sold in the same area within the last several months, and compares the selling prices of these homes with the one that is now on the market. The appraiser makes adjustments to account for the differences in each property, and averages the adjusted prices of the other three homes to arrive at a final opinion of value. In subdivisions or condominium projects where there are many similar properties and numerous recent sales, the appraiser's job is relatively easy. In neighborhoods of older homes that have been renovated or remodeled over the years, it can be like comparing apples and oranges.
If the appraiser's evaluation is lower than the selling price, it can stall the transaction because the lender may decline the buyer's loan because of the discrepancy. A real estate agent can work to minimize potential delays associated with the appraisal process by helping the seller to price the home as close to fair market value as possible.
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What are considered the ideal conditions for a buyer's market?
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| A |
In a buyer's market, there are more houses for sale than buyers, homes take longer to sell, and sellers may have to cut prices. |
 See More Real Estate Trivia > |
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