Request Our Free Relocation Package. Don't Move To Champaign, Urbana and University of Illinois Without It!  Moving your family to another town or state is a major event in your life! We have helped many families and individuals relocate to and from the Champaign, Urbana and University of Illinois, Illinois area. If you will be moving to the Champaign, Urbana and University of Illinois area, we can correspond by email and phone. Together, we'll determine what type of home, price range, and neighborhoods you are interested in. We'll send you every home or property that is currently available that matches your criteria. When you visit, we'll be ready! We will visit the Champaign, Urbana and University of Illinois neighborhoods and homes that interest you the most. In addition, we can talk about schools, sub-divisions, local market conditions, local culture... anything that is important to you. Remember: As top Champaign, Urbana and University of Illinois REALTORS®, it's our job to know this area inside and out, and we want to make your transition as smooth as possible. Are you new to the area? Request our FREE package of Champaign, Urbana and University of Illinois relocation information. It's our job to help! There's no obligation, and we promise to respond quickly...
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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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| Q |
What famous antebellum mansion was known as the "Queen of Tennessee Plantations"?
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| A |
Belle Meade Plantation was a prosperous 5,400-acre thoroughbred horse farm in the mid 1800's. The Civil War Battle of Nashville was fought in its front yard. |
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