Area Maplewood and South Orange are both located in Essex County and boast suburban amenities with distinctive urban flair. Though supporting separate municipalities and public service efforts they have joined their resources together to support one common school system. To learn more about these celebrated diverse communities please click on some local websites. You’ll love South Orange’s vintage gaslights and home to Seton Hall University and the convenience in both towns of local jitney service to the two central train stations for an easy commute to both downtown and midtown New York City. Maplewood and South Orange though separate municipalities share resources for a singular school system and recreation departments. The two communities offer a wide variety of community interaction and volunteer opportunities. Cathch the flavor... Request our Free South Orange/Maplewood Relocation Package. It's packed full of useful and important information about the South Orange/Maplewood, New Jersey area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out... It's our job to know EVERYTHING about South Orange/Maplewood! Ask us any question. Or request a FREE information package. There's no obligation, and we promise to get back to you quickly... 
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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What areas are known as the 'silk stocking' districts of this famous city?
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In Central Park West, Fifth Avenue and Park Avenue in Manhattan, apartments go for $222,610 to $282,709 per room. |
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