Texas Hill Country Blog

YOUR HOME IS/IS NOT WORTH
March 5, 2010

Filed under: Blogroll
— EasyMoneyNeverWorks @ 10:43 am

  

THE TRUE MARKET VALUE OF YOUR HOME IS NOT: What you have in it, What you need out of it, What you want for it, What it appraised for, What you heard your neighbor’s house sold for, What the tax office value is, How much you have it insured for, Based on your memories and treasures, Based on prices of homes where you are moving,

THE TRUE MARKET VALUE OF YOUR HOME IS WHAT A BUYER IS WILLING TO PAY:  Based on today’s market Conditions, Based on today’s competition, Based on today’s financing, Based on today’s economic condition, Based on the buyer’s perception of the condition, Based on location, Based on normal marketing time, Based on showing accessibility.

PROPERTIES THAT SELL IN TODAY’S MARKET:  Are the 10’s…How can you make your property a “10”? Improve the condition, Offer good terms, Improve the way the home shows, Adjust the price.

AS A SELER YOU CAN CONTROL:  The price you ask, The condition of the property, and Access to the property

AS A SELLER YOU DO NOT CONTROL:  Market conditions, The motivation of your competition, Location, or Value. 

Over the years, I have been through up and down markets.  Hopefully this information will assist you in making informed decisions regarding your real estate.  Sherman D. Durst    

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Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on the website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Fredericksburg Realty is a licensed Real Estate Broker in the State of Texas.