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About Shane White - Information about Shane White of Liberty Hill, Leander and Georgetown, Texas? Testimonials - Read what Shane White's clients are saying about the real estate marketing and services provided. Quick Response Guarantee - A quick response to your email request for more Texas home buying & property selling information is guaranteed by Shane White. Privacy Guarantee - This Liberty Hill, Leander and Georgetown real estate web site will respect your privacy, guaranteed by Shane White. No Obligation Guarantee - Shane White's real estate help by email is free & without obligation for Liberty Hill, Leander and Georgetown home owners in Texas. For Real Estate Agents - Let Shane White help you with your professional real estate broker and agent needs in the Liberty Hill, Leander and Georgetown area. About NUMBER1EXPERTS™ - NUMBER1EXPERTS™ are top real estate professionals, find out more. Contact Information - How to contact Shane White. Go to Main Sitemap - Main sitemap sections include Find Liberty Hill, Leander and Georgetown Homes, For Home Buyers, For Home Sellers, Liberty Hill, Leander and Georgetown Information, Real Estate Resources, and About Shane White. 
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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 Oscar-winning 1999 Best Picture about two neighboring American families was filmed in the interior of two actual homes located 12 miles apart?
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| A |
"American Beauty," starring Kevin Spacey and Annette Bening. |
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