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Sign up to receive the latest Vineyard listings , we will send you an update of the week's new listings, closed sales (including the listing price and actual selling price) and price reductions on current listings on the Island. This is a great way to educate yourself about a particular area or market segment and also to track activity in your particular area of interest.
Remember, there are homes that sell even before they appear on the public MLS system. And it can take even longer for these properties to appear on the big national real estate web sites.
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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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Sandcastle Vacation Rental Homes
Click here to see Simple to Elegant vacation homes on the island of Martha's Vineyard.
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Fred Roven and Emma Kennedy are some of The Web's Top Selling Real Estate Experts™
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Fred Roven, REALTORŽ, real estate agents and broker for Martha's Vineyard Massachusetts home listings, property and land for sale - NUMBER1EXPERT(tm)

Fred Roven and Emma Kennedy
Martha's Vineyard Buyer Agents
256 Edgartown Vineyard Haven Rd.
Edgartown, MA 02539-1661
Phone: 508-627-5177
Cell: 508-662-3205
Fax: 508-627-7004
buymv@mvbuyeragents.com
What an exciting adventure you are about to begin...joining us on this very special island. We are Exclusive Buyer Agents representing Buyers only in the purchase of residential, vacation, and investment real estate on the Island of Martha's Vineyard. In addition to all the standard listings, we are able to show you foreclosures, bank owned, and For Sale By Owner properties. We walk you through the whole process, from initial conference to closing. We promote and protect your interests at all times (including anonymous purchases). We negotiate the best price and terms (remember, we are working for you, not the seller). We give you complete confidentiality. The seller will have professional representation, will you? We represent you, the Buyer, 100%.

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