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Ask Relo Any Real Estate Question!
With the Internet’s access to limitless data, it sometimes seems as though there’s actually too much information – too many searches to do, too many pages to sort through and articles to read. Sometimes you just find yourself wishing you could ask a simple question! If you’re lucky, you have a trusted family member you can turn to for advice, but though they really want to help, they probably don’t have the professional expertise necessary to guide you. Here’s where Relo steps in.
The Jim Dolanch team appreciates the importance of you understanding the real estate process and is dedicated to ensuring that your home buying and selling experience is a smooth transition. That's why we have developed Relo, our simple, free question and answer service that gets all your Pittsburgh area real estate questions answered and keeps you from having to spend valuable time scouring the Web.
Simply fill out the form below and enter your questions in the appropriate field. A dedicated Jim Dolanch team member will reply to your inquiry promptly. That way you'll have the knowledge you need to make an educated real estate decision, and more time to focus on the most important element of life – your family. 
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 |
In what 2003 comedy does a very large family move to a new house on Forest Avenue in Evenston, Illinois?
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| A |
"Cheaper by the Dozen", starring Steve Martin, was actually filmed in a house in Los Angeles near the Farmer's Market. |
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