When setting a price for your property, the listing level must strike a balance between the sellerâ€™s need to achieve the best possible return and the buyerâ€™s need to get good value. With many years of experience, a professional real estate agent can help you set a price that will accomplish both objectives.
The market value of your property is determined in exactly the same way as any other commodityâ€”what a buyer is willing to pay for it in todayâ€™s market. Despite the price you paid originally, or the value of any improvements you may have made, the value is determined by market forces.
Buyers look at about a dozen properties on average before making an offer on a property. As a result they have a good overview of the market and will compare your property against the competition. If itâ€™s not in line with similar properties that are available, buyers wonâ€™t consider it a good value for their money.
Broker Associate, MBA
CDPE, SRES, QSC
Vista Sotheby’s International Realty2501 N. Sepulveda Blvd, 2nd Floor
5-star Rated Agent