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Appraisal

by kevinjones April 10, 2012 Real Estate Terminology

What is an Appraisal?  It is usually defined as a written justification of Fair Market Value, in Real Estate it would be the analysis of other properties that are for sale, in escrow and have sold recently within a specified area.  An appraisal is only an opinion based upon a neutral third party and their knowledge, experience …

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What is “Fair Market Value”

by kevinjones April 2, 2012 Real Estate Terminology

What is “Fair Market Value” anyways?    The easiest and best way to describe this to a Buyer and a Seller would be this … fair market value would be the highest price that a buyer would be willing pay in the given time for that particular product and the lowest that the seller would …

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