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For Home Buyers:
Why Buyers Choose The Gail Feldman Group - Why homebuyers looking for a real estate agent in the North Park, Pacific Beach and San Diego Metro area choose The Gail Feldman Group. Latest Listings - Get The Gail Feldman Group's latest North Park, Pacific Beach and San Diego Metro listings of homes for sale first! Find Your Perfect Home - The Gail Feldman Group will search for your ideal home and email you the newest North Park, Pacific Beach and San Diego Metro MLS listings of properties in San Diego County CA. First Time Homebuyers - Are you a first time homebuyer in North Park, Pacific Beach and San Diego Metro, CA? Choose a top real estate agent. The Gail Feldman Group can guide your home buying search. Mortgage Prequalification - Pre-qualify for a mortgage or loan for your North Park, Pacific Beach and San Diego Metro house or other real estate or property. Go to Main Sitemap - Main sitemap sections include Find North Park, Pacific Beach and San Diego Metro Homes, For Home Buyers, For Home Sellers, North Park, Pacific Beach and San Diego Metro Information, Real Estate Resources, and About The Gail Feldman Group. 
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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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| Q |
What was the longest distance a building has ever been moved?
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| A |
Detroit's five-story Gem Theater, built in 1927, was moved 1,850 feet (5 blocks) to make way for two new sports stadiums. |
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