Lake of the Ozarks, Osage Beach and Laurie Missouri real estate listings, home buying, selling and relocation information

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About Appraisals >Working With Appraisers

After the buyer and seller come to a "meeting of the minds" on the price of a house, there is one more person who must be convinced that the house is worth the selling price--the mortgage company's appraiser.

The appraiser looks for three similar houses that have sold in the same area within the last several months, and compares the selling prices of these homes with the one that is now on the market. The appraiser makes adjustments to account for the differences in each property, and averages the adjusted prices of the other three homes to arrive at a final opinion of value. In subdivisions or condominium projects where there are many similar properties and numerous recent sales, the appraiser's job is relatively easy. In neighborhoods of older homes that have been renovated or remodeled over the years, it can be like comparing apples and oranges.

If the appraiser's evaluation is lower than the selling price, it can stall the transaction because the lender may decline the buyer's loan because of the discrepancy. A real estate agent can work to minimize potential delays associated with the appraisal process by helping the seller to price the home as close to fair market value as possible.

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Q	Where is the world's largest dome?
A	The Louisiana Superdome, with a diameter of 680 feet, is located in New Orleans, Louisiana.
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C. Michael Elliott, REALTOR®, real estate agent and broker for Lake of the Ozarks, Osage Beach and Laurie Missouri home listings, property and land for sale - NUMBER1EXPERT(tm)

C. Michael Elliott
Gattermeir Elliott
2882 Bagnell Dam Boulevard
Lake Ozark, Missouri. 65049
Toll Free: 877-365-2631
Sell Phone: 573-280-0170
Fax: 573-365-2179
Home: 573-374-1903
Email: cme@yourlake.com
Whether you’re buying or selling a home, you need the help of a real estate professional who can make your experience as fast, convenient and rewarding as possible. Technology is rapidly changing how people buy and sell homes. Michael utilizes the very latest technologies to maximize the market appeal of the homes he sells and to make it easier and faster to find a home to buy. When an agent doesn’t provide the tools that today’s technology has to offer, they put their customers at a distinct disadvantage. Michael began his real estate career in 1981 and quickly established himself as a consistent, top-producing agent at Lake of the Ozarks as well as earning an excellent reputation for customer service. “I believe success is measured in client satisfaction, and it is my goal to provide a personal service to each individual that entrusts me with their real estate needs”, says Elliott, sharing his philosophy, “a satisfied customer is the best business strategy.” Michael and his team of staff and agents have a reputation for excellence that makes Gattermeir Elliott the premier personal service real estate firm at the Lake. With over 20 years experience, Michael is well versed on the Lake market and is your best choice for assistance in pricing and marketing decisions. His knowledge and expertise will allow you to gain top dollar for your property in the least amount of time as well as assist you in locating a property to fit your needs at the best value.

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