The market ultimately determines the true value of your property. A clear understanding as to what determines market value will assist you in understanding how a Royal LePage Team Realty Sales Representative evaluates your home
Market Value is the highest price estimated in terms of money, which a property will bring if exposed for sale on the open market allowing a reasonable time to find a buyer who buys with the knowledge of all the uses to which it is adapted and for which it is capable of being used. Frequently it is referred to as the price at which a willing seller would sell and a willing buyer would buy, neither being under abnormal pressure.
Before your Royal LePage Team Realty Sales Representative can compare your home to similar properties and establish a competitive list price, it is imperative that the following points be taken into consideration:
Your sales representative will prepare a comprehensive Comparative Market Analysis which will help identify what today’s buyers may be willing to pay for your home. It compares the market activity of homes similar to yours in your neighborhood and will include details of:
Together you and your Real Estate Professional will establish the proper list price for your home.
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