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Mr. and Mrs. Steven Ingram

“Trey’s knowledge of the market and his insight into our personal desires and long term goals were why we chose to sell when we did and, more importantly, chiefly responsible for realizing the profit we did.” 

Mr. and Mrs. Steven Ingram

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Real Estate Tips
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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Real Estate Trivia
Q 
Where is the world's oldest hotel?

A 
The Hotel Ryokan in the village of Awazu, Japan dates back to AD 717, when an inn was built near a hot spring reported to have miraculous healing properties.
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Trey Manderson, REALTOR®, real estate agent and broker for Pensacola Beach, Gulf Breeze and Pensacola, Florida home listings, property and land for sale - NUMBER1EXPERT

The Manderson Group
Coldwell Banker United, Realtors

22 Via Deluna
Pensacola Beach, FL 32561
Office: 850-932-5300
Trey's mobile: 850-393-8739
Toll Free: 800-874-5300
Fax: 850-932-0787
trey@themandersongroup.com

The Manderson Group is a team of personally selected individuals who are committed to providing you with the highest possible level of customer service. Affiliated with Coldwell Banker United Realtors, we offer additional real estate sales and marketing services to ensure your needs are met and exceeded. Our team provides the following services: Personal service throughout your selling and/or purchasing experience. Support in the marketing, buying and closing of your property. Exposure to a wider geographical area Consultation for investment real estate, including commercial and residential.

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