Twin Cities, Eagan and Golden Valley real estate and homes for sale in Minnesota, luxury, new construction - Richard De Witt and His Team Of Real Estate Agents, REALTORS® Richard De Witt and His Team Of Real Estate Agents REALTORS(r) for Twin Cities, Eagan and Golden Valley, Minnesota real estate, luxury, new construction - NUMBER1EXPERTS™ Richard De Witt and His Team Of Real Estate Agents NUMBER1EXPERTS(tm) for Twin Cities, Eagan and Golden Valley, Minnesota real estate, luxury, new construction
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Richard De Witt and His Team Of Real Estate Agents, REALTORŪ, real estate agents and broker for Twin Cities, Eagan and Golden Valley Minnesota home listings, property and land for sale - NUMBER1EXPERT(tm)
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Our Special Offers: Twin Cities, Eagan and Golden Valley Minnesota home buying, real estate listings, and homes for sale in Dakota and Hennepin County, MN
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Special Offers From Us To You! 

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Real Estate Tips
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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Real Estate Trivia
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.
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Richard De Witt and His Team Of Real Estate Agents, REALTORŪ, real estate agents and broker for Twin Cities, Eagan and Golden Valley Minnesota home listings, property and land for sale - NUMBER1EXPERT(tm)

Richard De Witt and His Team Of Real Estate Agents
MarketLink Realty
2115 Cliff Road
Eagan, MN 55122
Tel: 651-894-1804
Tel: 651-485-9972
Fax: 651-204-0076
Email: RichDeWitt@NUMBER1EXPERT.com

With over 30 years of real estate experience, Richard De Witt & his team at MarketLink Realty are committed to offering the service and attention his clients have come to expect. Richard's standards of integrity, work ethic, and real estate knowledge make him the obvious choice for assisting you in the sale or purchase of your new home. Richard is noted for his professionalism and efficiency. Whether you're looking to buy or sell a home in the Eagan area, contact Richard De Witt at MarketLink Realty, Inc. (651)894-1803 or email him at rich@marketlinkrealty.com.

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