The Market Value of Your Home is determined in several ways
The Market Value of Your Home IS NOT:
What you have in it
What you need out of it
What it is appraised for
What you heard your neighbor’s house sold for
What the tax office says it’s worth
What it is insured for
Based on memories and treasures
Based on prices of homes where you are moving
The True Market Value of Your Home IS:
What a buyer is willing to pay for the property today!
Based on today’s market
Based on today’s competition
Based on today’s financing
Based on today’s economic condition
Based on location
Based on normal marketing time
As a Seller You Control:
The price you ask
The condition of the property
Access to the property
As a Seller You DO NOT Control:
Marketing conditions
The motivation of the competition
Value
Warning Signs:
Agent elimination – if agents are not previewing, or if they are previewing but do not show it, they are eliminating your property
Buyer elimination – if your home 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 the current market value