Old Irving Park, Independence Park and Portage Park real estate and homes for sale in Illinois, Investment Property, Luxury - Tom Brandt's Team, REALTORS® Tom Brandt's Team REALTORS(r) for Old Irving Park, Independence Park and Portage Park, Illinois real estate, Investment Property, Luxury - NUMBER1EXPERTS™ Tom Brandt's Team NUMBER1EXPERTS(tm) for Old Irving Park, Independence Park and Portage Park, Illinois real estate, Investment Property, Luxury
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Tom Brandt's Team, REALTORŪ, real estate agents and broker for Old Irving Park, Independence Park and Portage Park Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)
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Tom Brandt's Team, REALTORŪ, real estate agents and broker for Old Irving Park, Independence Park and Portage Park Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)
Tom Brandt's Team, REALTORŪ, real estate agents and broker for Old Irving Park, Independence Park and Portage Park Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

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Real Estate Tips
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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Real Estate Trivia
Q 
What is the world's tallest monument?

A 
The stainless steel Gateway Arch in St. Louis, MO, designed by architect Eero Saarinen and costing $29 million to build, is 630 feet high.
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Tom Brandt's Team, REALTORŪ, real estate agents and broker for Old Irving Park, Independence Park and Portage Park Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Tom Brandt's Team
Keller Williams Realty Professionals

3752 N. Kostner
Chicago, IL 60641
Tel: 773-230-6997
Fax: 866-347-1813
Email: tom@tombrandt.com

With over 16 years of real estate experience, I have formed a team of real estate professionals to aid me in providing the best possible service. With my team, you can rest assured your real estate experience will be stress free and handled with care.

CRS Equal Housing MLS REALTOR


Keller Williams Realty Professionals real estate and homes for sale in Old Irving Park, Independence Park and Portage Park Illinois

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