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Find Out About the Latest Marathon, Duck Key, Key Colony Beach and Islamorada Area Homes for Sale Before Anyone Else! I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the Marathon, Duck Key, Key Colony Beach and Islamorada, Florida area MLS, and even later on the national listings web sites, if at all. By signing up to receive my latest listings, I'll send you an email notice instantly -- as soon as my latest homes for sale go online. You'll find out first, before other Marathon, Duck Key, Key Colony Beach and Islamorada buyers. There is absolutely no obligation, and this service is free of charge. Don't miss out! Get an email as soon as my new properties come on the market in Marathon, Duck Key, Key Colony Beach and Islamorada! There's no obligation, and you can stop my emails with one click. Just fill out this form to get started... 
About Appraisals >Three Caballeros
When you buy a house or refinance your present home, your lender will ask you to pay for an appraisal to help ensure that the sales price and mortgage amount is consistent with the property's market value. The appraiser will look for "three caballeros" or three "comparables" -- homes that are very similar to the one you are buying -- and will make adjustments to reflect the differences between the properties.
Housing patterns tend to be homogenous, meaning that homes worth $300,000 are usually located in $300,000 neighborhoods. It is important for properties to be within the general pricing patterns of their neighborhoods because over-valued homes, even if they are exceptional, are sometimes difficult to sell at full market price.
This is not the only factor considered in determining the worth of a property, but it is an important one. The buyer or seller may view the property as a home or an investment, but lenders view it in a completely different way. To a lender, property means security in the event a borrower fails to repay a mortgage. Therefore, lenders must know real estate values in order to limit their risks.
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What house is thought to be the first one designed by Frank Lloyd Wright?
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Charnley House in Chicago, Illinois, is considered to be the first home designed by Wright while at Adler & Sullivan. |
 See More Real Estate Trivia > |
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"Lela, I can't thank you enough for
going out of your way and helping me achieve a dream of being a home owner. You
are indeed an angel." - Sherry
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beginning to the end, Lela was always there with wisdom, confidence,
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