HOW REAL ESTATE MARKET CONDITIONS AFFECT YOUR OFFER PRICE
LOCATION, LOCATION.... MARKETING!
Home value sometimes referred to as "Value in Use", is best described as the probable price at which a home trades in a free, competitive, and open market and is synonymous with the market value.
A hot market is a "seller’s market". During a seller’s market, properties can sell within a few days of being listed and there are often multiple offers. Sometimes homes even sell above the asking price. Though most buyers want to get a "deal" on a home, reducing your offer by even a few thousand dollars could mean that someone else will get the home you desire.
You may have lived in your home for many years. The location factors that you considered when making your purchase decision may not apply to today’s buyers. The task is to identify the current positive aspects of your home’s location and market them aggressively. When it comes to positive locations, people’s different attitudes and preferences will determine if a location is a “good” one.
A successful career in real estate doesn't just happen and rarely comes easily. Real estate sales are extremely demanding and a personal commitment to excellence is essential.Those who enter the profession will travel a challenging road... More
