Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request my free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out or that is available to me through my professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. Remember: As a top Harford County, Baltimore County and Aberdeen Proving Grounds area real estate agent, it's my job to know more about a property than any web site. Make sure you have the most current information! 
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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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What are three of the best indicators of real estate market trends?
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| A |
Existing home sales, new home building and mortgage interest rates.
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Lee Tessier
RE/MAX American Dream
9414 Belair Rd
Baltimore, MD 21236
410-638-9555
Fax: 888-644-7775
Email Us: team@leetessier.com
Lee Tessier of RE/MAX American Dream provides real estate services in Baltimore, Maryland including Baltimore County and Harford County. I list and sell real estate in the following Baltimore Counties, White Marsh, Perry Hall, Dundalk, Essex, Kinsville, Upper Falls, Nottingham, Parkville, Timonium, Cockeysville, Hunt Valley, Monkton, Townson, Glen Arm, Baldwin and the following Harford County communites of Abingdon, Edgewood, Bel Air, Darlington, Dublin, Monkton, Norrisville, Pylesville, Street, Whiteford, Forest Hill, Churchville, Jarrettsville, Fallston and Joppa. I list and sell residential real estate investment properties, historical properties, land, condominimums, townhomes in Baltimore, Maryland.
I work with Military families with buying and selling real estate or relocating to and from Baltimore, Maryland.
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