LOOKING FOR LOCAL RENTAL HOMES?
Visit Our Website With Pictures And Virtual Tour Movies Of Central Oregon
Rentals At www.Today4Rent.com |
Sign Up For Our eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
Team Birtola-Garmyn are some of
The Top Selling Real Estate Experts™
Find Out More > |
|
|
 |
Quickly Find Out What that Home Down the Street Sold For, By Email, for Free. If you are considering selling your Bend, Sunriver, Redmond, Sisters, and Lapine, Oregon home, you are probably wondering what other homes in the area are selling for. There might be one home in particular that you'd like to know the sale price on, or you might be interested in all the homes that have sold recently in your Bend, Sunriver, Redmond, Sisters, and Lapine neighborhood. We can help! We can tell you exactly what any home sold for in your area. We will furnish you with a list of homes that have recently sold on your street or in your neighborhood. We can also tell you about homes similar to yours that are currently for sale. This service is entirely free, without obligation. As top Bend, Sunriver, Redmond, Sisters, and Lapine real estate agents, this is part of the service that we provide to home sellers on a daily basis.  Find out what a home or property sold for, by email, for free! It's our job to help you determine real estate values in Bend, Sunriver, Redmond, Sisters, and Lapine! There's no obligation, and we promise to get back to you quickly...
|
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 |
What is considered the primary factor distinguishing buyers of prestigious properties from the average home buyer?
|
| A |
Financing doesn't worry these buyers; they often put down 40 percent or more or pay cash for a property |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERTS™ 
