|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 650-996-5217.
|
Request My Free Relocation Package!
Moving your family to another town or state is a major event in your life! I have helped many families and individuals relocate!
Find Out More >
View All Offers >
|
Thank You
“From the word "go" you were always on top of things and were in constant touch with us either by phone or in person.”
Robin Tierney
Read Quote >
View All Quotes >
|
|
|
|
|  | | | | |
  Designations: - Graduate of Realtors Institute (GRI)
- Council of Residential Specialists (CRS) Awards: - Active licensed Real Estate Agent since 1989.
- Assistant to President/ Broker Coldwell Banker 1985-1989.
- Specializing in San Mateo County properties on the Coastside since 1989, with the following real estate firms:
1989-1991 The Prudential Cypress Coast
1991-1194 RE/MAX Independence
1994-present RE/MAX Arrow
- Member of SAMCAR Board of Realtors.
- Member of SAMCAR Grievance Committee.
- RE/MAX Executive Club
- Circle of Excellence 1993-1994
- Circle of Excellence 1994-1995
- RE/MAX President's Club 1996
- Sammy Award 1997,1998, 1999, 2000
- RE/MAX 100% club 1997-1999 and 2001
- RE/MAX Platinum Club 2000
- REMAX Hall of Fame Completed Real Estate Courses: - Legal Aspects - Ethics and Professional Conduct Code
- Barb Schwartz Marketing Seminar
- Real Estate Finance
- Real Estate Practice
- Real Estate Dynamics Course
- NBI Seminars
- Joe Strumpf's "The Main Event
Please Sign Up For The Latest Listings and the Latest Real Estate News
About Appraisals >Three Caballeros
When you buy a house or refinance your present home, your lender will ask you to pay for an appraisal to help ensure that the sales price and mortgage amount is consistent with the property's market value. The appraiser will look for "three caballeros" or three "comparables" -- homes that are very similar to the one you are buying -- and will make adjustments to reflect the differences between the properties.
Housing patterns tend to be homogenous, meaning that homes worth $300,000 are usually located in $300,000 neighborhoods. It is important for properties to be within the general pricing patterns of their neighborhoods because over-valued homes, even if they are exceptional, are sometimes difficult to sell at full market price.
This is not the only factor considered in determining the worth of a property, but it is an important one. The buyer or seller may view the property as a home or an investment, but lenders view it in a completely different way. To a lender, property means security in the event a borrower fails to repay a mortgage. Therefore, lenders must know real estate values in order to limit their risks.
|
| Q |
In what real estate market are more than 90 percent of home sales cash transactions?
|
| A |
Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates. |
 See More Real Estate Trivia > |
|
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
