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Nancy knows the real estate market in Mississippi

"Nancy knows the real estate market in Mississippi. She is friendly, personable and
willing to go several extra miles. Her efforts in helping my family find a home were amazing. Her knowledge, professionalism and ability to help the buyer/seller come to an agreement were simply outstanding." 

Mark Moore 2/16/10

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School Reports in Gulfport, Biloxi and Pass Christian, Mississippi
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Real Estate Tips
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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Real Estate Trivia
Q 
What architectural detail made its way into the design of many suburban homes built in the 1950s, 60s and 70s?

A 
The picture window was a signature of the suburban American neighborhood.
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Nancy Stone Bourgeois, REALTOR®, real estate agent and broker for Gulfport, Biloxi and Pass Christian, Mississippi home listings, property and land for sale - NUMBER1EXPERT(tm)

Nancy Stone Bourgeois
Keller Williams Realty

243 Beauvoir Road, Suite A
Biloxi, MS 39531
228-216-2333
Fax: 866-661-9266
nancybourgeois@NUMBER1EXPERT.com

"My mission is to make your buying or selling of real estate a pleasurable experience." As a top producer for over ten years, Nancy maintains the highest level of professionalism. She has 17 years of marketing experience, complemented by her honesty, integrity and high energy. Nancy is extremely knowledgeable about trends and lifestyles on the Mississippi Gulf Coast, where she was born and raised. She is a skilled negotiator, knows the area and is second to none in finding homes to match your needs. Nancy's excellence and vision in Real Estate can bring you Results!

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