the-hecht-team

Determining the Value

Hecht News March/April 2011

Value

 

The VALUE of your house is determined by what a BUYER is willing to pay

in TODAY'S market, based on COMPARING your house to others currently

available. Buyers determine value based on:

 

  • Condition
  • Appearance
  • Features
  • Amenities
  • Location
  • Improvements

 

The amount of time needed to sell your house is a major factor that influences an agent�s recommendation on price dramatically. If you are under time constraints to move quickly, such as an unexpected job change, this will playa key role in the pricing of your house.

 

Price

 

The price of your house cannot be determined by the following:

 

  • What you paid for your house
  • The amount of cash you need from the sale of your house
  • What you want for your house
  • Sentimental attachment
  • What an appraiser says your house is worth