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School Reports in Seattle, Redmond and Bellevue, Washington

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Schools in Seattle, Redmond and Bellevue

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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Q	Which U.S. hotel has more fountains than any other hotel in the world?
A	The Bellagio Hotel in Las Vegas, Nevada has more than 1,000 fountains embellishing an 11+ acre artificial lake.
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Eileen's Team, REALTOR®, real estate agents and broker for Seattle, Redmond and Bellevue Washington home listings, property and land for sale - NUMBER1EXPERT(tm)

RE/MAX Eastside/Metro Brokers Inc
RE/MAX Eastside/Metro Brokers Inc
11555 SE 8th St Suite 200
Bellevue WA 98004
Cel: (425) 444-8338
Tel: (425)453-7000
Fax: 425-453-4778
Email: cwester@hotmail.com
Our two award winning offices boast a long term presence in the Pacific Northwest Region of 20+ years, with over 250 highly experienced agents to serve you. The combined volume totals generated by these highly successful agents have made these two offices the number one offices in our region. Our agents consistently place in the top 100 Individuals and Teams in the country. Our agents participate in RE/MAX Premier Community Citizenship by supporting such organizations as the Susan G. Komen foundation, Children’s Miracle Network, Sentinels of Freedom, and Operation RE/MAX.

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