WHAT IS MARKET VALUE?

What is the true value of your home?

There are many types of value...

     The value for the insurance company might be what it costs to replace the home
     The value for the lender may be what you owe on the home
     The value for the owner may be what they have invested in the property

but the most important value when selling your home is

MARKET VALUE

So what is Market Value? 

     It is NOT what the owner paid for the home
     It is NOT the amount of money the owner has spent on repairs & maintenance
     It is NOT what it will cost to pay off the mortgage(s)
     It is NOT the tax appraisal amount

Market Value is the most likely price that a piece of property or home can realistically be sold for...in other words

So how do you find out the Market Value of your home?  An experienced Real Estate Agent can research the market for you.  They will look for the sale price of similar homes in your area, as well as homes listed for prices that did NOT sell.  Aligning your price with the prices of similar home in your area that actually SOLD in a timely manner is key to getting your home sold faster.

When a  Real Estate Agent provides you with an estimate of  the market value of your home,

 keep in mind the Agent is just the messenger.  You as the seller, decide the listing price of your home, but the market will determine the Sale Price.

Click here to find out the Market Value of your home: