Determining Market Value

Point Loma San Diego Real Estate                   

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.

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