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The real estate market changes daily similar to the stock market. The Share Team is constantly analyzing sales and data in Lake Country, Kelowna and other parts of BC and even Arizona. Homes, expire are withdrawn from the market, sell and new competition comes on the market all the time. Real Estate prices don’t adjust as quickly as stock prices, however the market does change. Focus on what your property read on ..
Try to be as objective as possible. Yes you have many fond memories and have even perhaps put a great deal of sweat and tears into your home, however a buyer doesn’t look at that. A buyer is more concerned with the condition of your home, location and size.
International Valuation Standards defines market value as “the estimated amount for which a property should exchange on the date of valuation between a willing buyer and a willing seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without compulsion.”
It is not the price you paid for the home plus some improvements you made and real estate commissions. It is not how much your friend, in-laws, attorney, accountant, dentist, brother with a real estate license, neighbor or anyone else thinks your house is worth unless they are willing to buy it at that price and you are willing to sell it at that price. It isn’t what you paid for the home read on ..
house for sale from Crestock Stock Photo Be realistic. As Realtors we spend hours upon hours researching and evaluating properties. We have a very good idea of what a property is worth. Dealing with unrealistic expectations of a seller can be a huge stumbling block to getting your home sold. The market is saturated with hundreds of properties that will never sell without a price adjustment. Ignoring current competition, needing read on ..