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Buyers Want Your Home for as Little as Possible.
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Why Buyers Choose Lacy C. Gay - Why homebuyers looking for a real estate agent in the Mt. Sterling, Winchester and Lexington area choose Lacy C. Gay. Latest Listings - Get Lacy C. Gay's latest Mt. Sterling, Winchester and Lexington listings of homes for sale first! Find Your Perfect Home - Lacy C. Gay will search for your ideal home and email you the newest Mt. Sterling, Winchester and Lexington MLS listings of properties in Montgomery County KY. First Time Homebuyers - Are you a first time homebuyer in Mt. Sterling, Winchester and Lexington, KY? Choose a top real estate agent. Lacy C. Gay can guide your home buying search. Mortgage Prequalification - Pre-qualify for a mortgage or loan for your Mt. Sterling, Winchester and Lexington house or other real estate or property. Go to Main Sitemap - Main sitemap sections include Find Mt. Sterling, Winchester and Lexington Homes, For Home Buyers, For Home Sellers, Mt. Sterling, Winchester and Lexington Information, Real Estate Resources, and About Lacy C. Gay. 
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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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| Q |
From 1974 to 1996, what was the world's tallest habitable building?
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| A |
The Sears Towers, headquarters for Sears, Roebuck & Co., with 110 stories and 1,454 feet high. |
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The Sterling Team
Sterling Real Estate & Auction, LLC
420 W. Main St.
Mt. Sterling, KY 40353
Lacy: 859-585-1213
Billy: 859-497-1589
John: 859-749-2787
Office: 859-499-4342
Fax: 859-499-4359
Email: Lacy@LacyGay.com
Email: Billybromagen@yahoo.com
Email: jhfarmsandhomes@gmail.com
Buying or selling what probably is your biggest investment should not be a headache, so let us take the pain out of the whole process. We are always ready and willing to listen and be of service to you and your families needs. Let us help make a new beginning for you!   
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