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Major Factors

That influence market value of a property 

 

The Market Value oYour Property IS NOT:

What you have in it

What you need out of it

What it is appraised for

What you heard your neighbors house sold for

What the tax office says it is worth

What it is insured for

Based on memories and treasures

Based on prices of home where you are moving

Buyers Control

 

Offering Price & terms
Pre-approval status
Buyer motivation

 

 

 The True Market Value of Your Property IS:

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 perceptions of property condition

Based on location

Based on normal marketing time 

What a Buyer is Willing to Pay for the Property - TODAY

Sellers Control


Price & Terms
Condition

Access to the property
Sellers motivation 

 

 Beware of these

warning signs and

market indicators: 

Agent Elimination:   Agents are not previewing, or if they preview, but do not show it, then they are eliminating your property.

Buyer Elimination:   Property is being shown with no results; buyers are finding better properties in your price range.

In either case, this is an indication that your home is not priced at current market value. 

Best Left in Professional Control


Marketing
Negotiating the contract

Total Transaction Management from start through to the time of closing 

 

Market Value is truly not a controllable factor by any one person

 

 

Location
Competing properties 

Sellers motivation
Market conditions