| I'm extremely sympathetic to Seller's who have fond memories of their home or have spent thousands of dollars, etc.. These factors unfortunately do not influence a Buyer's decision. The following are some misconceptions on pricing a home I have encountered. | ||
| The Market Value of Your Home is NOT: | Statements Commonly Heard from Sellers That | |
| Really Have Nothing to do with the Home’s Value: | ||
| * What you have in it. | ||
| * What you need out of it. | * "Another agent said it was worth more.” | |
| * What you want. | * "People always offer less than asking price.” | |
| * What it appraised for. | * "The buyers can always make an offer.” | |
| * What you heard your neighbor's house sold for. | * "My neighbors were able to get this price.” | |
| * What the tax office says it is worth. | * "We paid more than that for our home.” | |
| * How much it is insured for. | Original Purchase Price, was inevitably the market | |
| * Based on memories and treasures. | value at that time. Markets change, we must be | |
| * Based on prices of odd homes where you are moving. | flexible with the current market conditions, which have | |
| changed significantly, in order to be fruitful. | ||
| The True Market Value of Your Home Is What a Buyer is Willing to Pay: | ||
| * Based on today's market conditions. | * Based on the Buyer's perception of the condition. | |
| * Based on today's competition. | * Based on location. | |
| * Based on today's financing. | * Based on normal marketing time. | |
| * Based on today's economic condition. | * Based on showing accessibility. | |
| Homes That Sell in Today’s Market: On a Scale of 1-10, The “10’s” Are Currently Selling, How Can Your Property Be a "10"? | ||
Want to know what your home is worth? Click here to get a FREE Comparable Market Analysis for your home, based on the market today!