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Show ... .brokers zirr f ) Corner R : -.J j? ( : EVERYTHING YOU Erafflmal WANTED TO KNOW REALTOR ' ""t ABOUT REAL ESTATE. v but were afraid to asV f .-v....-Jik By ADAIR WHITE, Realtor ' L Mil M I r Question: What is the most Important single fac- tor that an appraiser looks I lor when appraising resl-I resl-I dential property? . Answer: Location, loca- tion, location! j Question: Why Location? Answer: Several reasons. J A home in a good location . can be "not as sharp in I appearance as its neigh- bors (or square footage, I etc.) and yet the mere I proximity to the others raises its value. Convers- ely, an expensive home in a bad location the home I will decrease in value I because of its surround-I surround-I ings (Law of Regression j and Progression). Therefore, as a Real I Estate professional I tell j clients that they can I over-pay for a lot in a good I area and still be way ahead I T when the house . Is built, j Don't skimp on the lot of j your choice if you have to I tighten your budget do it in other ways, i.e., no fire- j place, carport Instead of a . garage, etc. For when resale time comes along, the appraiser will be I looking first of all at location. - Nexe week Why does- 1 n't the V.A. and F.H.A. appraiser give me value I for my view, well, etc.? J I For simple answers to the . complicated world of real j estate see the "Office j That's Got It Together," I OLDE.4HOMESTEAD j REALTY, at 259-5105 or stop in their office on I Center St. in the Arches ' Bldg. I TV 4 |