Did you ever wonder who decides what the sale price of your home will be?
Many homeowners think the real estate agent determines the price of real estate, while others believe the price of the home is based on what they need or want out of their property.
In reality, the price of real estate is determined by the market. Market Value is defined as, the price an interested but not desperate buyer would pay and and interested but not desperate seller would accept on the open market assuming a reasonable period of time for an agreement to take place.
If you are considering the sale of your home, you can contact a real estate professional for a comparative market analysis. This is a free service your local real estate agent can provide to guide you in pricing your home. You may also contact a real estate appraiser, who will charge a fair price for their professional opinion. Each professional individual opinion may vary slightly, but they should also be able to explain how they arrived with the value. Ultimately, the final decision is up to the homeowner to decide what price tag to use. Just remember, if you price your home over the market value, expect it to stay on the market until you reduce the price. Discuss the consequence of over or under pricing your home with your real estate agent.
For more information visit my website at http://www.renaefulton.net/
Renae Fulton,GRI - Opening Doors for You
Real Estate Consultant
No comments:
Post a Comment