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Pricing >The Value of Your House

One of the sayings from the "gold-rush" days--"Them that's got the gold, sets the price!"--is also a principle that applies to real estate. We say that a house is only worth what someone will pay for it, even though the owner, the bank, and the agent all have their own opinions about the "market value" of a home. In other words, no sale ever takes place until the buyer agrees with the price.

How can sellers arrive at the maximum "fair" price that buyers are willing to pay? Buyers (and appraisers) make their decision based on comparisons. While shopping for a home, buyers will visit many similar homes in their price range and measure the features of each one against the price. They decide which house offers them the maximum value for the price. Buyers do not expect a home to be a "steal" or dramatically under-priced, but they do expect it to be a fair value.

Sellers must determine the value that their home offers in order to arrive at the right price. The real estate agent will advise the sellers what buyers should be willing to pay for their home, but the asking price is set by the seller.

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Dawn DuBose, REALTOR®, real estate agents and broker for St. Augustine, FL, St. Johns County, FL and Jacksonville Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

Dawn DuBose
Watson Realty Corp.
12710 San Jose Blvd.
Jacksonville, FL. 32223
Phone: 904-288-6216
Fax: 904-268-4404
Email: dawndubose@NUMBER1EXPERT.com
When you hire Dawn DuBose and Sharon LaRosa, you get the benefit of their joint knowledge and judgement. Dawn has been the #1 Salesperson for Watson Realty, Corp. for five years and is a member of the Million Dollar Club. She has been awarded the William Marvin Award for four consecutive years, along with the Listing Award and Humanitarian Award from Jacksonville Association of Realtors.

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