Determining Market Value of Your Property
How we determine market value of your property IS based and
NOT based on many criteria.
The market value of your home IS NOT based on:
·
What you have in it
·
What you need out of it
·
What it is appraised for
·
What you heard your neighbor sold their home for
·
What the assessor’s office says it is worth
·
What the insurance company has it insured for
·
Based on the memories or sentiment you may have
in it
·
Or based on the price of homes in the area where
you are moving
The true market value of your home is: What the buyer is
willing to pay for the property today:
·
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 property
condition
·
Based on location
·
Based on normal market time
Because these factors are always changing, periodically the
list price of the property will need to be modified.
As a Seller you control:
·
The price you ask
·
The condition of the property
·
Access to the property
As a Seller you do not control:
·
Market conditions
·
The motivation of your competition
·
Market value
As you consider your next move, be it selling or buying, be
sure to consult a Real Estate Professional, like myself. In this ever changing
real estate market, it is important to have someone who is knowledgeable in the
changes of the market in order to advise and help the seller determine the best
asking price or buyer determine the best offer. Should you or someone you know need the
services of a Real Estate Professional, like me, I would appreciate the
opportunity to be of service.
Real Estate Propertyin Point Loma San Diego CA
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