Marda Loop Herald

Incorrectly Price Your Home – Lose Thousands. Here Are Six Considerations.

1. Your home will most likely sell for top dollar when it’s fresh to the market. 2. Buyers buy after they shop around. Buyers are in search of the best buy. If your home is priced too high, it will make the other homes look more attractive. You will be selling the competition. 3. At the sale, your property will need to be appraised. If it appraises below the contract price, you will have a problem.... [Read more...]

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The Real Truth about Appraisals!

1. Many homebuyers today are writing their offers to purchase subject to the property appraising at or above the sales contract price so they do not miss a good opportunity. 2. The appraiser’s estimate of value reflects the most probable price the property will sell for without special considerations or circumstances. 3. It is an objective opinion of value. It is not an exact science! If three... [Read more...]

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How to Understand the Different Values on Your Home

1. Assessed value also know as property tax value 2. Cost or purchase price – what you paid 3. Insurance value is what your insurance representative says it should be insured for 4. Buyers valuation – what a buyer is willing to pay 5. Salvage value is what a property is worth sold in pieces 6. Use value – sometimes a property only has a high value for one type of use 7. Pricing value – what... [Read more...]

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