Jodie Collins & the QBee Team
A Texas Realtor for Keller Williams Professionals in NW Houston
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Determining Fair Market Value for you home isn’t a black and white answer; it is truly a gray answer. The reason is that the home market value is affected by neighborhood location, street, home condition, upgrades, and the list goes on. Of course, anything is only worth what someone will pay for it, but for a home, you also have to consider the appraisal amount, if the buyer is using a mortgage lender.
This chart shows the percentage of buyers increases at of below the fair market value of your home. Traffic equals a potential buyer.
The fair market value of your home is determined by the home market value – that is, what today’s buyers are willing to pay. Buyers are comparing your home to other homes now on the market. The reality that many buyers don’t want to except is that your potential buyer,
Doesn't care about:
The longer a home stays on the market, the less interest it will receive. This is actually something that both Real Estate Agents and potential buyers consider.
Ads are not very effective for selling real estate. Data compiled in 2003 by the National Association of REALTORS showed that buyers first learned about the home they purchased from: