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Real Estate Tips
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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Real Estate Trivia
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In what U.S. home can you find the world's largest refrigerator magnet collection?

A 
Louise Greenfarb of Las Vegas, Nevada has 35,000 unique fridge magnets that she has been collecting since the 1970's.
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Chuck and Angela Fazio, REALTOR®, real estate agents and broker for Gilbert, Ahwatukee and Chandler, Arizona home listings, property and land for sale - NUMBER1EXPERT™

Chuck and Angela Fazio
OWNERS/BROKER

West USA Realty Revelation
Top 1% in the Nation!
4050 S Arizona Av #4 , Chandler, AZ 85248
Phone: 480-570-8020
Office: 480-722-9800
Fax: 480-722-9833
Email: chuckfazio@NUMBER1EXPERT.com

Chuck and Angela Fazio are Owners/Broker of one of the Top Real Estate Companies in Arizona. Having an outstanding career in Real Estate, they've handled virtually every type of challenge during transactions and understand how to give impeccable custom service. Having clients from first time homebuyers to Multi- Million dollar Estates, you can't be in better hands for any Real Estate transaction. Some of their many accomplishments are Top 1% in the Nation, AZ Business Journals Top 10, West USA Realty's #1 Agents from 2002, West USA Realty's #1 Team, Members of the Presidents Circle and featured on numerous TV Shows about Real Estate. These are only a few of the reasons why so many people wouldn't trust their Real Estate needs with any other agent or company. Chuck and Angela have founded their company and their business on strong beliefs and are committed to your complete satisfaction.

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