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About the Garner, North Carolina Area Garner is a booming town in Wake County, North Carolina and a suburb of Raleigh. The population was 17,757 at the 2000 census and was 25,184 in 2008. Today, the changing face of Garner reflects similar transformations in small towns across the country with the wave of new residential and commercial properties. You will also find foreclosed homes and short sale properties for the first-time homebuyers and/or investors. Garner's historic downtown business district reminds us of the past, while continued development and growth to the south and east of town have significantly enhanced the quality of life for Garner residents. Garner is proud to be known as "A Great Place to Be" in the heart of North Carolina. With all the growth and real estate, both new and existing homes, it is said to be the next "Cary."  Request my Free Wake Forest, Raleigh and Garner Relocation Package. It's packed full of useful and important information about the Wake Forest, Raleigh and Garner, North Carolina area. Don't move here without it! Remember: I'll send it to you for free and without obligation. Just fill out the form and I will send it right out... It's my job to know EVERYTHING about Wake Forest, Raleigh and Garner! Ask me any question. Or request a FREE information package. There's no obligation, and I promise to get back to you quickly... 
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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What five basic components of a "smart home" can be controlled by technology?
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Lighting and window treatments, security and access control, data communication, environmental/energy management, and audio/video entertainment can all be operated by a "smart home". |
See More Real Estate Trivia > |
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Deborah McCrae World Properties International- McCrae Realty 7625 Kensington Manor Lane Wake Forest, NC 27587 919-201-4361 Fax: 866-251-1948 deborahmccrae@NUMBER1EXPERT.com
Licensed in 1999, I, Deborah Georgetta McCrae have 10 years of successful residential and commercial real estate experience after having been a State of North Carolina employee for 19 years. I began working with Coldwell Banker Howard Perry & Walston always achieving Top Producer level, and in 2005 achieved the International President’s Elite Award, which was the second highest level one could earn.
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