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"We cannot recommend Christine enough."
Being in sales, we are very critical. So when we began the search for a real estate agent in Indianapolis, the person had to possess a high level of energy, positive attitude and above all else, the ability and the desire to get back with us in a timely fashion. We were being relocated and did not want to endure the same experience we had in selling our home in Ohio with the assigned agent. We went on-line and contacted 6 agents within 20 minutes via their cell phones. It was a Saturday morning. Christine was the first to call us back in under an hour. Some of the others we contacted called us in a couple of days with the longest one taking a week. We met Christine and from the first meeting were amazed. Her timeliness, knowledge of the market, knowledge of the homes, knowledge of all things of or dealing with homes was reassuring. We were blown away! In fact, we were so impressed, we began consulting her on negotiations that were on-going in Ohio. She never batted an eye and helped us to make decisions that our agent in Ohio was incapable of. We were so pleased with the thoroughness Christine provided that we have since recommended her to clients, family and can assure you that we will never buy or sell a home in the area without Christine’s assistance. She made us feel as though we were being assisted much as a trusted friend would assist you. We cannot recommend Christine enough. She is outstanding!
Steve and Jennifer Hampton
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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 is the legal term used to describe the right of the U. S. government to condemn private land for public use?
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| A |
Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property. |
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