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About Mike Smith:
About Mike Smith - Information about Mike Smith of Eugene, Springfield and Lane County, Oregon? Mike Smith's Professional Resume - Mike Smith's Eugene, Springfield and Lane County real estate career in home buying & selling in Oregon. Testimonials - Read what Mike Smith's clients are saying about the real estate marketing and services provided. Personal Guarantee - Mike Smith's personal guarantee as a top Eugene, Springfield and Lane County, Oregon real estate agent. Quick Response Guarantee - A quick response to your email request for more Oregon home buying & property selling information is guaranteed by Mike Smith. Privacy Guarantee - This Eugene, Springfield and Lane County real estate web site will respect your privacy, guaranteed by Mike Smith. No Obligation Guarantee - Mike Smith's real estate help by email is free & without obligation for Eugene, Springfield and Lane County home owners in Oregon. For Real Estate Agents - Let Mike Smith help you with your professional real estate broker and agent needs in the Eugene, Springfield and Lane County area. About NUMBER1EXPERTS™ - NUMBER1EXPERTS™ are top real estate professionals, find out more. Contact Information - How to contact Mike Smith. Go to Main Sitemap - Main sitemap sections include Find Eugene, Springfield and Lane County Homes, For Home Buyers, For Home Sellers, Eugene, Springfield and Lane County Information, Real Estate Resources, and About Mike Smith. 
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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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What does the abbreviation PITI stand for?
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Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment. |
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Mike Smith
RE/MAX Integrity
4710 Village Plaza Loop
Eugene, OR. 97401
Phone: 541-284-8047
Fax: 541-302-4899
Cell: 541-954-4946
Home: 541-726-8000
Email: mikesmithbroker@NUMBER1EXPERT.com
Mike Smith is one of the top Agent's in the Eugene/Springfield area. With
over 20 years of Real Estate experience, he has a proven track record that
few agents can match! Experienced affiliates work with Mike to provide
SUPERIOR SERVICE. They free Mike to spend more time with YOU! State of the
art computers and other technologies allow Mike to provide fast, efficient,
knowledgable, service to his clients! Mike's credentials include. CCIM
Canidate, Vast knowledge of 1031 Tax Deferred and Reverse Exchanges,
Specializing in Residential, Multi Family Investments, Development Land,
and Farms/Ranches Serving Lane and South Linn Counties   
www.mikesmithbroker.com is brought to you by
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NUMBER1EXPERT™ in real estate for
Eugene, Springfield and Lane County, Oregon Read Mike Smith's
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