Your property has many values; one to the tax assessor others to your
lender and insurance company, and yet another value to you, the owner. It
also has different values to prospective buyers depending on their needs,
desires, and financial resources.
The best price obtainable at any given time can only be
determined by thoroughly and aggressively testing the market. In
the final analysis the market dictates value based on current conditions,
the current supply of buyers, and the current competition.
The listing price you select will be, at best, an estimate of what you
think those "test results" are likely to be once your property is placed on the
market.
Since buyers engage in comparison shopping, a Competitive Market Analsis focuses on
properties now on the market which are competing for the attention of those buyers.
In addition, those that have
recently sold and those that were on the market that did not sell will also be
examined. These properties will tell us what past buyers were not
willing to pay.
In conclusion, the BEST PRICE OBTAINABLE price will ultimately be
determined by the market. The value of your home is determined by what a
BUYER is willing to pay in today's market based on comparing your home
to others currently on the market for sale.
For additional information about setting your home sales price please contact us by
email,
live chat,
or
click to call.
Equal Housing Opportunity