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  • Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from Terri, a proven Belton, Temple and Salado, Texas NUMBER1EXPERT™ Top Selling real estate agent.

  • Find Belton, Temple and Salado Homes - Find Belton, Temple and Salado, Texas real estate listings & homes for sale provided by Terri, your local expert real estate agent.

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  • For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from Terri, a proven Belton, Temple and Salado, Texas NUMBER1EXPERT™ Top Selling real estate agent.

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Real Estate Tips
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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Real Estate Trivia
Q 
Where is the world's largest mud building?

A 
The Grand Mosque in west Africa measures 328 feet long and 131 feet wide, and has been carefully maintained for centuries by local craftsmen, especially during the rainy season.
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Covington Real Estate Team, REALTOR®, real estate agents and broker for Belton, Temple and Salado Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Covington Real Estate Team
Covington Real Estate

2324 N. Main St.
Belton, TX. 76513
254 939-3800
877 711-3800
Fax: 254 939-3232
Email: covington@number1expert.com

Terri Covington, owner, established Covington Real Estate in 2003 after being a top producer for a franchise office for several years. Realtors affiliated with Covington are involved in the local community, including chambers of commerce, school district committees, local government, churches, and universities. Being an independent office has afforded Covington clients flexibility in marketing and buying strategies.

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