Definition of Market Value
Market Value is the highest reasonable price a Purchaser will pay for a property. Market Value is based upon recent sales and active list prices in a particular area, given sufficient time and full exposure to the surrounding market.
Pricing your property at Market Value is the most efficient & effective way to sell your property. When you decide to sell your property, you will want to sell if for as much money as the market will allow. A property priced too high will keep it from selling. A property priced too low, however, will prevent you from receiving full market value.
Consider the following points when pricing your property:
Know the Market
The current market will determine the value of your property. Pricing your property based on current listings, and recent solds will determine the length of time your property will be on the market.
Condition of Property
Buyers will base their purchase upon the condition of your property as it compares to other similar properties. Take the time to prepare your property, so that it will be in top condition for the market.
Select a Sales Representative
Your sales representative will bring the market to you. The market will bring the price. The right sales representative will know the market and recommend the best list price possible, rather than overprice a listing to get you to list with them. I have access to the most recent market conditions. Together we will determine the best list price.
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