Denver, Arvada and Westminster real estate and homes for sale in Colorado - Mike Lonergan, REALTOR® Mike Lonergan REALTOR(r) for Denver, Arvada and Westminster, Colorado real estate - NUMBER1EXPERT™ Mike Lonergan NUMBER1EXPERT(tm) for Denver, Arvada and Westminster, Colorado real estate
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Mike Lonergan, REALTOR®, real estate agent and broker for Denver, Arvada and Westminster Colorado home listings, property and land for sale - NUMBER1EXPERT(tm)
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 303-956-9019.


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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 
What structure is regarded as the best surviving example of Pennsylvania Dutch architecture?

A 
The Georg Muller House in Milbach, PA, built in 1752.
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Mike Lonergan, REALTOR®, real estate agent and broker for Denver, Arvada and Westminster Colorado home listings, property and land for sale - NUMBER1EXPERT(tm)

Mike Lonergan
Remax Unlimited

3300 S. Parker Rd.
Denver, CO 80014
Tel: 303-956-9019
VM: 303-696-6851
Fax: 303-369-6959
Email: mike@mikesellscolorado.com

When you are buying or selling property in today’s real estate market, it’s important to have confidence in your real estate professional. My commitment as your local REALTOR® is to provide you with the specialized real estate service you deserve. If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don’t hesitate to call or e-mail me. Thank you for visiting my website - please consider it as your online source for local real estate information, and return often for the latest property listing updates.

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