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On my website you can find properties for sale easily. I am always available to help you…just email Linda@LindaMoran.com
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I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS.
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For Home Sellers:
Why Sellers Choose Linda A. Moran - Why home sellers in Ocean City, Ocean Pines and Berlin choose Linda A. Moran. Free Presentation - Free in-home listings presentation on marketing your Ocean City, Ocean Pines and Berlin, in Worcester County Maryland property. Property Valuation - How much is your Ocean City, Ocean Pines and Berlin home worth? What Did That Home Sell For? - What did that Ocean City, Ocean Pines and Berlin, Maryland property or other real estate sell for? FSBO - Selling your Ocean City, Ocean Pines and Berlin real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Ocean City, Ocean Pines and Berlin Homes, For Home Buyers, For Home Sellers, Ocean City, Ocean Pines and Berlin Information, Real Estate Resources, and About Linda A. Moran.
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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 |
What private residence is considered the most expensive house ever built?
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| A |
The William Randolph Hearst Ranch in San Simeon, California cost over $30 million, equivalent today to $276,883,320. Bill Gates recently built a home for over $40 million.
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