What Determines the Value of a Home

Larry O. Doss Monday, June 21, 2010

As a Real Estate professional I get asked this question daily. I have my ideas and opinions and quite frankly they change as the "market" changes. But the one constant for me has been this: Any given property is worth what someone is willing to pay.

If you are trying to sell a property in today’s market put yourself in the shoes of a buyer. Ask yourself this question:

Would I pay what I’m asking?

Today’s buyer studies the market to determine for themselves what a certain property in a certain neighborhood is worth.

Buyer’s also ask their agent to give them an opinion of value through a Market Survey.

Today’s buyer wants to feel that they are getting their moneys worth and that their purchase will be a good long term investment.

It is important for sellers’ to know their bottom line and options if the market is not willing give them what they need.

I would love to help you tune into the ever changing Real Estate market. Please feel free to call or email me your questions or better yet post this blog with your own take on the market.

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Based on information from the Humboldt Association of REALTORS®, as of 08/14/2020. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker or MLS for accuracy. All information should be independently reviewed and verified of accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright ©2020 Humboldt Association of Realtors®. All rights reserved.