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Pricing >The Value of Your House
One of the sayings from the "gold-rush" days--"Them that's got the gold, sets the price!"--is also a principle that applies to real estate. We say that a house is only worth what someone will pay for it, even though the owner, the bank, and the agent all have their own opinions about the "market value" of a home. In other words, no sale ever takes place until the buyer agrees with the price.
How can sellers arrive at the maximum "fair" price that buyers are willing to pay? Buyers (and appraisers) make their decision based on comparisons. While shopping for a home, buyers will visit many similar homes in their price range and measure the features of each one against the price. They decide which house offers them the maximum value for the price. Buyers do not expect a home to be a "steal" or dramatically under-priced, but they do expect it to be a fair value.
Sellers must determine the value that their home offers in order to arrive at the right price. The real estate agent will advise the sellers what buyers should be willing to pay for their home, but the asking price is set by the seller.
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What has a tremendous impact on the U.S. economy, comprising between $10-$15 trillion of the nation's wealth?
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Real Estate--it goes through cycles, but still has a long-term record of strong investment return. |
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Regina Harp, Broker Associate
Guarino Real Estate
Jefferson Hwy.
Suite D
Baton Rouge, LA 70817
Direct: 225-744-HARP
Cell: 225-953-3901
Regina Car: 225-953-3903 or 3901
Email: Regina@reginaharp.com
Regina Harp is a Multi-Million Dollar Producer and the Broker Associate. She was ranked as the #3 Realtor in the state of Louisiana with Remax. Find THOUSANDS of Homes Listed through MLS, School Board Maps and Reports, Pictures, FREE Comparative Market Analysis, First Time Buyers Program, plus lots of Information for Baton Rouge real estate, Gonzales real estate, Prairieville real estate. We owe our success to adhearing to our Motto ...
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