|
Inspired Real Estate Advice from "The Big Easy"... 504-650-3735
|
Sign Up For My eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
Integrity in Real Estate is Alive and Well
"If LATTER & BLUM had more agents like Stephanie, they would double their production.?
Ellie Rogers
Read Quote >
View All Quotes >
|
 Compare three mortgages at one time.
Download TripleCalc now. It's free. |
Stephanie M. Benson is one of The
Top Selling Real Estate Experts™
Find Out More > |
|
|
 |
 |
Special Offers: Special offers for New Orleans, Slidell, Kenner, Metairie, Terrytown and Algiers homeowners
from Stephanie M. Benson, top Realtor |
|
Link Partners: Click here to check out our link partners... |
|
Affiliates: Stephanie M. Benson's real estate web site
affiliates |
|
Monthly Payments & Schedule: Monthly loan payments java
mortgage calculator |
|
How Much Can You Afford?: Calculate how much home
you can afford with this financial calculator |
|
Determine Tax Savings: Calculate how much your
monthly New Orleans, Slidell, Kenner, Metairie, Terrytown and Algiers Louisiana mortgage payments save you on your
taxes because of loan interest |
|
Should You Rent or Buy?: Is it better to rent a
home in Louisiana or buy your own New Orleans, Slidell, Kenner, Metairie, Terrytown and Algiers house, ranch,
luxury property, condominium, acreage, or other real estate? |
|
Adjustable Rate Mortgages: Adjustable rate
New Orleans, Slidell, Kenner, Metairie, Terrytown and Algiers mortgages information and interest rate java
calculator |
|
What Is Your APR?: Determine the Annual Percentage Rate (APR) for your mortgage. |
|
Fixed or Adjustable Rate Mortgage?: Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM. |
|
Are Balloon Mortgages For You?: Balloon mortgage calculator. A balloon mortgage can be an excellent option for many home buyers. |
|
15 vs. 30 Yr Mortgages: With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms. |
|
How Much Should Your Income Be?: What income is required to qualify for a mortgage? Use this calculator to find out. |
|
What's Your Maximum Mortgage?:This calculator will help you determine your maximum monthly housing payment and the resulting mortgage amount. |
|
Will Buying Points Save You Money?:This calculator helps you determine if you should pay for points, or use the money to increase your down payment. |
|
TripleCalc: FREE Software
Download: TripleCalc lets you compare three loans at one time for your property
or other Louisiana real estate |
|
Top National Real Estate Web Sites: Real Estate Web Sites
that include some unique sources of realty information, listings, and
more |
|
Ask Anything: Ask Stephanie M. Benson
anything real estate |
|
NUMBER1EXPERTS: List of all the NUMBER1EXPERT real estate agents and realty professionals and brokers in the USA and Canada with links to their personal web sites with homes for sale |
|
Real Estate Tips: Stephanie M. Benson's realty
library of real estate tips and advice on everything from preparing your home
for sale to negotiating with home buyers to escrow, closing costs, property
inspections, and mortgage brokers |
|
Real Estate Trivia: Stephanie M. Benson's collection of real estate trivia questions
and answers that include real estate topics such as the most expensive home,
largest swimming pool, and more |
|
Real Estate Dictionary: Complete real estate
dictionary and glossary of realty words you'll use when you list and sell your
New Orleans, Slidell, Kenner, Metairie, Terrytown and Algiers property in Louisiana, including legal terms
definitions, and more |
Please Sign Up For The
Latest Listings and the Latest Real Estate News
|
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.
|
|
| Q |
What three things are necessary in order to purchase a home?
|
| A |
Some cash, a dependable income and good credit. If you fall short, don't despair--homeownership may still be possible. |
 See More Real Estate Trivia > |
|
|
|
|
- NUMBER1EXPERT™ 
