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About Lisa Herrington - Information about Lisa Herrington of Anchorage, Eagle River and Girdwood, Alaska Our Professional Resume - See why you sould pick us as your professional Realtor. Testimonials - Read what Lisa Herrington's clients are saying about the real estate marketing and services provided. Quick Response Guarantee - A quick response to your email request for more Alaska home buying & property selling information is guaranteed by Lisa Herrington. Privacy Guarantee - This Anchorage, Eagle River and Girdwood real estate web site will respect your privacy, guaranteed by Lisa Herrington. No Obligation Guarantee - Lisa Herrington's real estate help by email is free & without obligation for Anchorage, Eagle River and Girdwood home owners in Alaska. For Real Estate Agents - Let Lisa Herrington help you with your professional real estate broker and agent needs in the Anchorage, Eagle River and Girdwood area. About NUMBER1EXPERTS™ - NUMBER1EXPERTS™ are top real estate professionals, find out more. Contact Information - How to contact Lisa Herrington. Go to Main Sitemap - Main sitemap sections include Find Anchorage, Eagle River and Girdwood Homes, For Home Buyers, For Home Sellers, Anchorage, Eagle River and Girdwood Information, Real Estate Resources, and About Lisa Herrington. 
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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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Lisa Herrington
Herrington & Company, LLC
255 E. Fireweed, Suite 102
Anchorage, AK. 99503
Phone: 907 646-0525
Cell: 907 229-6822
Fax: 907 279-8234
Email: lisah@pobox.alaska.net
Lisa Herrington has more than 25 years of experience as a licensed Realtor in Anchorage, Alaska. She knows the challenges newcomers face when moving to Alaska’s biggest city, from choosing the right neighborhood to making new friends, and she has helped hundreds of families relocate to Anchorage.   
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