How Is the Price of Your Home Determined?
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
The market value of your home is NOT:
- What you have in the home
- What you need out of it
- What you want
- 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
Properties that sell in today’s market: On a scale of 1-10, 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
This helpful advice for buyers and sellers was provided by Chris Heller, who is the owner and operator of several Keller Williams market centers worldwide. The RED Team couldn’t agree more! For all of your Real Estate needs, call 405-330-2626