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Frank Ledermann, REALTOR®, real estate agent and broker for Scarsdale, Eastchester, and New Rochelle New York home listings, property and land for sale - NUMBER1EXPERT(tm)
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Who Am I?: Who is Frank Ledermann of Scarsdale, Eastchester, and New Rochelle, New York?
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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 land did the U.S. Government buy for $7.2 million?
A 
The U.S. bought all of Russian America (Alaska) from the Russian Czar in March 1867.
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Frank Ledermann, REALTOR®, real estate agent and broker for Scarsdale, Eastchester, and New Rochelle New York home listings, property and land for sale - NUMBER1EXPERT(tm)

Frank Ledermann - Lic. Associate Broker
Houlihan Lawrence Real Estate
32 Popham Road
Scarsdale, NY 10583
Phone #: 914 723-8877 Ext 337
Cell #: 914-261-8888
Fax #: 914-723-3548
Email: frankledermann@NUMBER1EXPERT.com

With over 27 years of experience as a Realtor, Frank Ledermann of Houlihan Lawrence Real Estate of Scarsdale was a 2004 “Gold Level” Top Producer and a 2005 and 2006 "Platinum Level" Top Producer for the Westchester County Board of Realtors. He was also the #1 Top Producer for the Scarsdale office of Houlihan Lawrence for 2005 and 2006, as well as an Emerald Level residential real estate specialist who ranks in the top 3% of all Houlihan Lawrence agents. Frank prides himself on excellent customer service and making each and every real estate transaction a smooth experience for both Buyers and Sellers. As a lifelong learner, Frank has continued his real estate education above and beyond being a Licensed Associate Broker, and holds the following professional real estate designations: ABR (Accredited Buyer Representative), CBR (Certified Buyer Representative), CRS (Certified Residential Specialist), GRI (Graduate, Realtor Institute), SRES (Seniors Real Estate Specialist), and e-PRO (e-PRO certified). Frank is also Relocation Certified with "Leading Real Estate Companies of the World" (formerly known as RELO).

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