Listing Details: Bedford, Blissfield and Irish Hills, Michigan Real Estate Listings & Homes For Sale Provided by Jeanee Gilson

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Feature Home - 1123 Vine St.

$87,900

Front View

Address: 1123 Vine St.	City/ST: Adrian, MI	Zip Code: 49221
Location: Adrian	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 1022	Bedrooms: 3	Bathrooms: 1
MLS# 3427486

Great Place to start! Owners are motivated and will give you possession at close. Large kitchen includes table and chairs. Well maintained, fenced back yard with shed

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Front View
Entrance
Living Room
Kitchen
Dining Area
Kitchen
Bathroom
Bedroom
Bedroom
Bedroom
Staircase
Bedroom
Bedroom
Back of House
Back Yard

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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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Q	Into what category do forty-four percent of home buying households fall?
A	Forty-four percent of home-buying households are made up of married couples with dependents.
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Jeanee Gilson, REALTOR�, real estate agent and broker for Bedford, Blissfield and Irish Hills, Michigan home listings, property and land for sale - NUMBER1EXPERT

Jeanee Gilson
Key Real Estate
146 Drew Avenue
Deerfield, MI 49238
517-447-3094
Fax: 517-447-3548
jeaneegilson@NUMBER1EXPERT.com
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