Feature
Properties
Search All
Local
Listings
|
All agents are NOT alike! Find out why we are top real estate experts. Call us: 512-989-1054.
|
Sign Up For Our eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
Purchase Was Smooth As Silk
“I was so confident with their service and felt in total control of the entire transaction.”
Karen Frazier (happy buyer!)
Read Quote >
View All Quotes >
|
 Compare
three mortgages at one time. Download TripleCalc now. It's
free. |
The Michelle Sheehan Team
is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
|
Special Offers From Us To You! Just for you, we've assembled some Special Offers. Choose one or all!  
 |
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.
|
|
| Q |
From 1974 to 1996, what was the world's tallest habitable building?
|
| A |
The Sears Towers, headquarters for Sears, Roebuck & Co., with 110 stories and 1,454 feet high. |
| See More Real Estate Trivia > |
|
|
The Michelle Sheehan Team
Gaston & Sheehan Real Estate
1420 HWY 685
Pflugerville, TX. 78660
Phone: 512-989-1054
Fax: 512-989-1094
Email: michellesheehan@NUMBER1EXPERT.com
Born and raised in Austin, Texas no one knows the area better than me!! I am a broker/realtor whose University of Texas marketing background makes me the perfect choice for seller or buyer. Have fun, relax and know you are in the hands of an experienced professional broker/realtor who will guide you through the process of buying or selling your home with YOUR needs as top priority.  
www.michellesheehan.com is brought to you by
The Michelle Sheehan Team
NUMBER1EXPERT™ in real estate for
Pflugerville, Round Rock, Hutto and Austin, Texas Read The Michelle Sheehan Team's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed. |
- NUMBER1EXPERT™ 
