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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. See All Tips In The "Pricing" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q  Into what category do forty-four percent of home buying households fall? A  Forty-four percent of home-buying households are made up of married couples with dependents. See More Real Estate Trivia >

Brenda Rawls' Star Team Rose & Womble Realty 1209 Laskin Road - 2nd floor Virginia Beach, VA 23451 TOLL FREE: 1-800-644-2150 Local Office: 757-428-3498 E-Fax: 757-390-3600 brenda@brendarawls.com www.BrendaRawls.com is brought to you by Brenda Rawls' Star Team NUMBER1EXPERT™ in real estate for Hampton Roads, Virginia Beach and the Ocean Front, Virginia Read Brenda Rawls' Star Team's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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