Teton Village, Jackson and Jackson Hole Wyoming real estate listings, home buying, selling and relocation information

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For Sellers: Teton Village, Jackson and Jackson Hole Wyoming home buying, real estate listings, and homes for sale in Teton County, WY

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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	What is the longest construction time for a private residence?
A	The Winchester House in San Jose, CA, was under construction for over 38 years.
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Garth and Christy Gillespie, REALTORŽ, real estate agents and broker for Teton Village, Jackson and Jackson Hole Wyoming home listings, property and land for sale - NUMBER1EXPERT(tm)

Garth and Christy Gillespie
Sotheby's International Realty
185 W. Broadway
Jackson, WY. 83001
307-739-8056
307-413-5243
877-739-8146
Fax: 307-733-0511
Email: gandcgillespie@NUMBER1EXPERT.com
Garth and Christy Gillespie are one of Jackson's leading real estate teams. They are committed to helping customers find properties of value. "We love what we do and it shows," says Christy, who has over 10 years of experience in Jackson and has consecutively won top producer awards. Christy, originally from Naples, Florida, literally grew up in the real estate business. Her parents owned a successful real estate company where she got her start, and success in the business seemed to follow her. Her love for the mountain lifestyle became evident after many family trips to Lake Tahoe and Vail, Colorado. She was lucky enough to find Garth at the University of Denver, where they both graduated with degrees in business, and they married in Grand Teton Park. Garth joined Christy in real estate 6 years ago and hasn't looked back since. "It is the people that I love working with as well as taking marketing to new levels," says Garth, who originally hails from Milwaukee, Wisconsin.

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