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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 501-907-5959.

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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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What is the average age of a first-time homebuyer in the United States today?

A 
The average age of a first-time U.S. home buyer is 32 years.
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Roddy McCaskill, REALTOR®, real estate agent and broker for Little Rock and North Little Rock, Arkansas home listings, property and land for sale - NUMBER1EXPERT(tm)

Roddy McCaskill
Roddy McCaskill Team at Keller Williams Realty

1514 Market Street Ste B-100
Little Rock, Arkansas 72211
Office: 501-907-5959
Cell: 501-529-1811
Fax: 501-907-5958
Roddy@RoddyMcCaskill.com

RODDY McCASKILL Team is a full -service real estate company with seven professionals - all are fully licensed REALTORS whose total experience is over fifty-five years in real estate. Each member of The McCaskill Team is highly specialized and trained in specific areas of expertise. This enables our Team to give the highest level of service found in Little Rock real estate!

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