The price of your home is determined in several ways:
The market value of your home is not:
- How much money you spent on the home
- What you need to make on the sale
- What it appraised for
- What you heard your neighbor’s home sold for
- What the tax office says it’s worth
- How much it’s insured for
- Based on prices of homes where you are moving
The true market value of your home is…what a buyer is willing to pay for the property:
- Based on today’s market
- Based on today’s competition
- Based on today’s financing
- Based on today’s economic conditions
- Based on the buyer’s perception of the condition of the property
- Based on the location
- Based on normal marketing time
Properties that sell in today’s market: On a scale of 1-10 (“10” are the ones that are selling). How can your property be a “10”?
- By improving the condition dramatically
- By offering good terms
- By improving the way the home shows
- By adjusting the price
