Westport, Weston and Fairfield real estate and homes for sale in Connecticut - Miriam Luck and Dee Cohen, REALTORS® Miriam Luck and Dee Cohen REALTORS(r) for Westport, Weston and Fairfield, Connecticut real estate - NUMBER1EXPERTS™ Miriam Luck and Dee Cohen NUMBER1EXPERTS(tm) for Westport, Weston and Fairfield, Connecticut real estate
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Miriam Luck and Dee Cohen, REALTORŪ, real estate agents and broker for Westport, Weston and Fairfield Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

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Real Estate Tips
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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Real Estate Trivia
Q 
What is the highest altitude hotel in the world?

A 
The Hotel Everest View sits at the record altitude of 13,000 ft (3,964 m) above sea level, in the rarified atmosphere of Namche, Nepal, the village closest to the Mount Everest base camp.
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Miriam Luck and Dee Cohen, REALTORŪ, real estate agents and broker for Westport, Weston and Fairfield Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

MIRIAM LUCK & DEE COHEN / M&D Properties
Coldwell Banker Riverside

472 Riverside Ave
Westport, CT 06880
203-856-2336
203-858-8568
Email: MiriamAndDee@NUMBER1EXPERT.com

MIRIAM LUCK AND DEE COHEN ARE YOUR TOP SELLING REAL ESTATE EXPERTS IN WESTPORT, WESTON, WILTON, FAIRFIELD AND NORWALK. "MATCHING PEOPLE TO PROPERTIES" IS WHAT MAKES MIRIAM LUCK AND DEE COHEN YOUR #1 REAL ESTATE TEAM PLACING THEM IN THE TOP 3% IN THE NATION. SETTING RECORDS IN PERSONALIZED SERVICE, THEIR CLIENTS CAN EXPECT THE KIND OF SERVICE THEY DESERVE. THEIR STRONG PARTNERSHIP IS BUILT ON 25 YEARS OF FRIENDSHIP,INTEGRITY,COMMITMENT AND TRUST. THROUGH ALL OF THEIR STRONG TIES TO FAMILY, SCHOOLS, AND CHARITABLE WORK IN THE COMMUNITY FOR THE PAST 25 YEARS, AS WELL AS THEIR PROFESSIONAL AFFILIATIONS BOTH HERE IN CONNECTICUT AND NEW YORK, THEY HAVE LEARNED TO BE AN EFFECTIVE HANDS ON SOURCE FOR GETTING THE JOB DONE! BOTH BUYER AND SELLER WILL BENEFIT FROM THEIR PRESTIGIOUS AFFILIATION WITH WATERFRONT & ESTATE PROPERTIES. TWO GREAT PROFESSIONALS, ONE GOAL... TO DO THE JOB FOR YOU, THAT THEY WOULD WANT DONE FOR THEMSELVES.

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