WHAT IS "FAIR MARKET VALUE"?

How to sell your home for the…

BEST PRICE, in the

SHORTEST TIME, with the

MOST FAVORABLE TERMS

and CONDITIONS?

 

By pricing it right… INITIALLY!

  

What is Market Value? (formal definition)

“The highest price in terms of money which a property will bring to a willing seller if exposed for sale on the open market allowing time to find a willing buyer, buying with the knowledge of all the uses to which it is adapted and for which it is legally capable of being used, and with neither party acting under necessity, compulsion or peculiar and special circumstances”.

Major Factors Affecting Value

  • SUPPLY AND DEMAND
  • SEASONAL MARKETS
  • MORTGAGE MARKET
  • ECONOMICAL CONDITIONS
  • POLITICAL ACTIONS
  • LOCATION, LOCATION, LOCATION!

Methods of Evaluation

  •         MARKET VALUE APPROACH

(comparable property sales)

  •         INCOME APPROACH

(investment or income producing properties)

  •         COST APPROACH

(most useful on new properties when replacement values are readily determinable).

 

Dianna Mandzuk has more than 31 years experience as a successful full-time Realtor, that means years of experience in your corner when it comes to home buying or home selling. 

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