Tag Archives: market value
Metrolist Statistics – October 2012
Metrolist Statistics – September 2012
to sell or buy, call… DEBBIE PALLAI 303-883-8837 Brokers Guild Cherry Creek, Ltd. debpallai@comcast.net
What is the market value of your property?
The market value of your property is not:
- what you have in it
- what you have to get out of it
- what you want to get out of it
- what you owe against it
- what it appraised for
- what your neighbor got for his/her home
- what the county assessor has said it is worth
- what the homes cost where you are moving
- how much it is insured for
- how you value your memories
The market value of your home is what a buyer is willing to pay for it, what you are willing to sell it for, and what an appraiser values it at, based on:
- current market conditions
- current competition and buyer’s choices
- current interest rates and mortgage lending conditions
- the buyer’s perception of the condition of the property
- the location
- current normal marketing time
- accessibility of property for showings
As a seller you control:
- the price – price the property near the “front of the line”
- how the property presents – stage your home
- terms – offer attractive terms: financing, timing, inclusions
- condition – make appropriate repairs
- access to the property – provide reasonable access for showings
As a seller you do not control:
- market conditions – supply and demand
- interest rates and credit conditions
- location
- competition’s motivation
- motivation and ability of buyers
Posted in Seller Information
Tagged Home Selling, market value, Metro Denver Real Estate, Seller Information
No Home Too BIG or small 