|  | | | White Pelicans on Lake Ewauna | |
|  | | | Link River where the "falls" used to be - connects Lake Ewauna & Klamath Lakes | |
|  | | | Link River is a favorite area for white pelicans | |
|  | | | Looking north -Klamath Lake from Lakeshore Drive's Putnam Point | |
|  | | | Spring golfing at Running Y Ranch Resort | |
|  | | | Klamath & Agency Lakes from Running Y viewpoint | |
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Click on image for larger photo. |
 Lower Klamath Wildlife preserve |
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 Klamath River in Keno |
| Klamath Falls Photo Gallery
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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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| Q |
How much does a celebrity's name boost the price of a property?
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| A |
Typically no more than 5 percent, but there are exceptions--the greater the fame, the higher the price!
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 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
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