In everyday terms an Appraisal is generally used in real estate to indicate a reasonable value for a property, or more specifically, what an educated buyer who is knowledgable of the market would reasonably pay for a property.

If you have been a property seller in the past couple years, you know that this definition just doesn't slice it anymore.  The definition of appraisal has really changed recently to be more down the lines of this: an estimate of the value of asset to be used as collateral for securing a loan.  Now on face value those two definitions could be similar, however, there are very specific differences.  With the first definition, an appraisal is what a buyer would pay, with the second, it is an assessment of what a lender is willing to

Below are homes for sale that were listed on November 3rd, 2011.  They are ordered by city and then by price.

Edmond, OK

1904 Three Stars Rd, Edmond, OK - 2 Bed, 2.1 Bath, 1471 Sq. Ft. - $100000
1112 SEQUOYAH # B, Edmond, OK - 3 Bed, 2.1 Bath, 1552 Sq. Ft. - $109900
13830 Crossing Way E, Edmond, OK - 2 Bed, 2 Bath, 1175 Sq. Ft. - $115000
1917 Gray Fox Dr, Edmond, OK - 3 Bed, 2 Bath, 1124 Sq. Ft. - $119000
1704 NW 143rd Street, Edmond, OK - 3 Bed, 2 Bath, 1266 Sq. Ft. - $140590
15 S Ridge Pointe Drive, Edmond, OK - 3 Bed, 2 Bath, 1840 Sq. Ft. - $164000
22444 Sams Dr, Edmond, OK - 3 Bed, 2.1 Bath, 1878 Sq. Ft. - $199900
4654 Crestmere Ln, Edmond, OK - 4 Bed, 3 Bath, 2551 Sq. Ft. - $277500
641 Birdsong, Edmond, OK - 4 Bed, 3.1 Bath, 3398 Sq. Ft. -

Below are homes for sale that were listed on November 2nd, 2011.  They are ordered by city and then by price.

Blanchard, OK

2320 Old Highway 62, Blanchard, OK - 6 Bed, 4 Bath, 2128 Sq. Ft. - $119000

Edmond, OK

1412 Victoria Pl, Edmond, OK - 3 Bed, 2 Bath, 1656 Sq. Ft. - $122500
3608 Banner Avenue, Edmond, OK - 3 Bed, 2 Bath, 1611 Sq. Ft. - $139900
19804 Harness Ct, Edmond, OK - 3 Bed, 2 Bath, 2099 Sq. Ft. - $141100
18629 Piedra Dr, Edmond, OK - 3 Bed, 2 Bath, 1411 Sq. Ft. - $149900
1912 NW 177TH TERRACE, Edmond, OK - 3 Bed, 2 Bath, 1761 Sq. Ft. - $16500
3701 Rock Dove Landing, Edmond, OK - 3 Bed, 2 Bath, 1854 Sq. Ft. - $175000
709 Copperfield Ct, Edmond, OK - 4 Bed, 2 Bath, 2050 Sq. Ft. - $187000
333 Mohawk Trail, Edmond, OK - 4 Bed, 2 Bath, 2001

If you are a first time home buyer (or know one!) that is looking to purchase a home in Cleveland or McClain county, I have some pretty good news for you.  The Cleveland County/McClain County bond program just announced that they will be offering primary financing for first time home buyers at 2.95% including 3.00% down payment assistance, or 2.60% if you don't need the down payment assistance!  

To qualify, you must be a first time home buyer (or someone who hasn't owned a home within the last 3 years), plus, the following:

• For a 1-2 person household, your household income must be below $68,449
• For a 3+ person household, your household income must be below $78,717
• For a single family home, the purchase price must be below $244,350
• For a

Homes listed for sale on November 1st, 2011.  

Edmond, OK

1818 Deermont, Edmond, OK - 3 Bed, 2 Bath, 1243 Sq. Ft. - $85000
2408 Apple Way, Edmond, OK - 3 Bed, 2 Bath, 1579 Sq. Ft. - $130000
16232 Panther Way, Edmond, OK - 3 Bed, 2 Bath, 1648 Sq. Ft. - $149900
1713 Yosemite Pl # 1, Edmond, OK - 4 Bed, 2 Bath, 1873 Sq. Ft. - $149900
18717 Bebida Way, Edmond, OK - 3 Bed, 2 Bath, 1522 Sq. Ft. - $155000
5105 Nw 164th Terrace, Edmond, OK - 3 Bed, 2 Bath, 1647 Sq. Ft. - $164500
14575 Cottonwood, Edmond, OK - 4 Bed, 2.1 Bath, 2640 Sq. Ft. - $212000
17436 White Hawk Dr, Edmond, OK - 4 Bed, 3 Bath, 2501 Sq. Ft. - $228990
3508 Old Georgetowne Road, Edmond, OK - 3 Bed, 2.1 Bath, 2172 Sq. Ft. - $291900
15520 Maple Ridge Ln, Edmond, OK - 4 Bed, 2.1 Bath, 2694 Sq.

Homes listed for Sale on October 31st, 2011

Blanchard, OK

880 Tall Pine Dr, Blanchard, OK - 3 Bed, 2 Bath, 1988 Sq. Ft. - $198900
890 Tall Pine Dr, Blanchard, OK - 3 Bed, 2 Bath, 2171 Sq. Ft. - $214900

Edmond, OK

1901 Lariat Cir, Edmond, OK - 2 Bed, 2 Bath, 1493 Sq. Ft. - $104900
2524 NW 180, Edmond, OK - 3 Bed, 2 Bath, 1282 Sq. Ft. - $139900
2804 NW 157th St, Edmond, OK - 4 Bed, 2.1 Bath, 2217 Sq. Ft. - $184900
500 NW 172nd St, Edmond, OK - 3 Bed, 2 Bath, 2032 Sq. Ft. - $162500
5105 Nw 164th Terrace, Edmond, OK - 3 Bed, 2 Bath, 1647 Sq. Ft. - $164500
900 Crooked Oak, Edmond, OK - 3 Bed, 2 Bath, 1758 Sq. Ft. - $184500
16021 Promontory Road, Edmond, OK - 3 Bed, 2.1 Bath, 2457 Sq. Ft. - $235000
19820 Oakshire Dr, Edmond, OK - 3 Bed, 2.1 Bath, 2677