Real Estate That Makes Cents
Contrary to what your friends,
family, neighbors and colleagues tell you, pricing a home right is not an easy process – even
for the professionals!
This process begins with the examination of the
history of SOLDS, PENDINGS and ACTIVE properties that compete with your
home. Characteristics of these properties are examined and then compared
to your property. Comparable factors that are focused on include: style,
location, lot size, indoor living area, number of bedrooms, number of
bathrooms, condition and age of the property. Additional factors that
have an affect on a property’s value are market trends such as; available
mortgage interest rates, financing options, competing listings, utility costs,
real estate taxes and supply and demand.
After researching and analyzing this information, a “Fair Market Value” of your
property can be concluded. Fair Market Value is defined as: an
estimate of the market value of a property, based on what a knowledgeable,
willing, and unpressured buyer would probably pay to a knowledgeable, willing,
and unpressured seller in the real estate market.