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Welcome! Here You Can Find Great Information on Harrisburg, Hershey and Mechanicsburg, Pennsylvania Real Estate Being located in Pennsylvania the Harrisburg area is assured of four full and beautiful seasons with all the varied activities possible at different times of the year. There is hiking and picnicking in the summer and sledding and snowmen in the winter. Spring is a lively, vigorous time of renewal and our autumns are beautiful with colorful foliage. What a place! Feel free to peek at our local forecast via the web site featured on this page.
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| • | Residential, Relocation, & New Construction Specialist | | • | Personal service merged with cutting edge technology | | • | Negotiate for BUYERS to purchase their "Dream Home" | | • | Guide SELLERS via skilled marketing | | • | Leadership roles in Greater Harrisburg Association Board of Realtors | | • | Volunteer at Habitat for Humanity | | • | Guest Instructor at Harrisburg Fair Housing Council Workshops | | • | Honored as "top producer" via WINNER CIRCLE RECIPIENT | | • | Former High School Principal & Biology/Chemistry Teacher |
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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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What is an encumbrance against a property, which may be voluntary or involuntary?
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There are many different kinds of liens: a tax lien, a judgment lien, a mortgage lien, and a mechanic's lien. |
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