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Welcome
to Our Website! We hope you find all the information you are looking
for!
So get
comfortable and enjoy exploring all the information we have gathered for your
convenience. Oftentimes, folks are interested in seeing what else is available
in the local real estate market, so if you are one of these, just click here to search for your perfect
home!
We have
been assisting home buyers and sellers for over a decade in the beautiful
Conejo Valley including the preferred communities of Dos Vientos,
Newbury Park, Thousand Oaks! Camarillo, Westlake Village, Agoura Hills,
Calabasas, Oak Park, Moorpark and surrounding areas such as Oxnard
and Simi Valley
We have
found homes for those looking for Beach Property, Horse Property, Luxury
Homes, Fixers, Investment Properties, Foreclosures and Custom
Homes!
And we
will help YOU find exactly whatever it is you are looking for!
Contact us and let us know the best way we can help you!
805-262-2497 Direct
805-844-3650 Tim's Cell
Tim &
Jenny
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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.
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| Q |
What famous example of post-colonial architecture is modeled after the palace of the Duke of Leinster in Ireland?
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| A |
The White House in Washington, D.C., begun in 1792 and burned by the British in 1814, was rebuilt in 1818 and restored in 1951.
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