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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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Garrett and Amy Lines
Keller Williams Realty East Valley
2077 East Warner Rd., Suite 110
Tempe, AZ 85284
Fax: 480-718-8783
Garrett Direct: 480-444-2270
Amy Direct: 480-444-2280
amylines@number1expert.com

Finding the right agent who understands your needs and is committed to what's best for you can be a challenge. Amy and Garrett have helped hundreds of people buy and sell real estate from starter homes to luxury estates. We pride ourselves on discovering your individual real estate needs and then tailor our service to achieve the goals we set together. Our consulting service includes the highest level of customer care plus real estate education on topics from choosing the right lender to finding a qualified home inspector and everything in between. Whether you're buying or selling, our comprehensive consulting package will provide detailed property information coupled with our knowledge and negotiating experience to help you arrive at the right price. With our help, you'll make an informed decision. When you choose us, you get the benefit of two Realtors working for you! Whether you need to buy or sell a home, we are here to help you. We are interested in you and your specific real estate needs and welcome the opportunity to meet with you. Please contact us at your earliest convenience. You never know when you'll need a great Real Estate Agent!

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