|
Let us find you a home! Call us at: 641-792-5678 for Geri, 641-792-5999 for Caren or Toll Free: 866-792-5656.
|
Compare three mortgages at one time.
Download TripleCalc now. It's free.
|
Geri Doyle and Caren DeVoe are
some of The Top Selling Real Estate Experts Find Out More > |
|
|
 |
About the Baxter, Iowa Area  Baxter, Iowa
From Wikipedia, the free encyclopedia
Baxter is a city in Jasper County, Iowa, United States. The population was 1,052 at the 2000 census.
Geography
Baxter is located at 41°49′28″N 93°9′3″W / 41.82444, -93.15083
According to the United States Census Bureau, the city has a total area of 0.6 square miles (1.7 km©÷), all of it land.
Demographics
As of the census of 2000, there were 1,052 people, 438 households, and 288 families residing in the city. The population density was 1,607.2 people per square mile (624.9/km©÷). There were 455 housing units at an average density of 695.1/sq mi (270.3/km©÷). The racial makeup of the city was 98.86% White, 0.76% African American, 0.10% Native American, 0.19% Asian, and 0.10% from two or more races.
There were 438 households out of which 33.3% had children under the age of 18 living with them, 51.4% were married couples living together, 11.4% had a female householder with no husband present, and 34.2% were non-families. 29.2% of all households were made up of individuals and 15.3% had someone living alone who was 65 years of age or older. The average household size was 2.31 and the average family size was 2.84.
In the city the population was spread out with 25.1% under the age of 18, 8.0% from 18 to 24, 27.6% from 25 to 44, 20.4% from 45 to 64, and 18.9% who were 65 years of age or older. The median age was 38 years. For every 100 females there were 91.6 males. For every 100 females age 18 and over, there were 82.4 males.
The median income for a household in the city was $36,912, and the median income for a family was $42,411. Males had a median income of $31,150 versus $23,274 for females. The per capita income for the city was $17,749. About 6.3% of families and 8.9% of the population were below the poverty line, including 7.9% of those under age 18 and 12.7% of those age 65 or over.
 Fill out this form, and we will quickly get back to you! Please give us as many details as possible... 
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.
|
| Q |
What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?
|
| A |
Conventional mortgages are private sector transactions that are not insured or guaranteed by the government. |
See More Real Estate Trivia > |
|
|
|
|