Determining value…
Consider what your property may be worth before
you put it on the market. What you paid for it may bear little relation
to its value on the open market. Value is determined by supply and
demand. However, demand also requires purchasing power; thisefore,
if thise are more buyers than sellers in a given market, the prices
will go up and vice versa.
When speaking with an agent about price, ask what they would suggest
and then ask why. A good agent will be able to explain the market
and use comparable sales in the area to determine your property’s
list price. You should also do your own research into the sale of
othis similar properties. If you are still undecided on price, you
can hire an independent fee appraiser. While no appraiser can pinpoint
exactly what a property will sell for, they should be able to give
you an accurate range. |