Listing Details: Louisville, St. Matthews and Middletown, Kentucky Real Estate Listings & Homes For Sale Provided by Jay Pitts

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Sold - REO - Foreclosure - West Louisville

$25,900

Photo of 128 N 46th St, Louisville, KY, 40212.

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Address: 128 N 46th St	City/ST: Louisville, KY	Zip Code: 40212
Location: West Louisville	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 1764	Bedrooms: 3	Bathrooms: 1
MLS# 1258957

Property is being sold as is with no warranties expressed or implied. Offers must be submitted with proof of funds for cash. Only cash offers will be considered by the seller. Seller may take several days to respond. Listing information is not warranted by seller or seller's agents.

Last Updated: 8/13/2010 11:53:56 AM

Listing Agent and Office: Jay Pitts, RE/MAX Executive Group

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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	What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
A	One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million.
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Jay Pitts, REALTOR�, real estate agent and broker for Louisville, St. Matthews and Middletown, Kentucky home listings, property and land for sale - NUMBER1EXPERT

Jay Pitts
RE/MAX Executive Group
101 N 7th St
Louisville, KY 40202
Office: 502-561-3481
Cell: 502-572-0186
Fax: 866-741-0673
JayPitts@NUMBER1EXPERT.com
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