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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.
The Birch Bay Team Birch Bay Village Realty, Inc. 8440 Birch Bay Drive Blaine WA 98230 360-371-7844 Fax: 360-371-7845 TheBirchBayTeam@NUMBER1EXPERT.com
The Birch Bay Village Realty Team has been helping people relocate to Birch Bay and the surrounding Whatcom County area for over 30 years. Located in the heart of Birch Bay it's no surprise that they are known as "The Local Experts." Their dedication to service and their extensive knowledge of the local market has resulted in The Birch Bay Village Realty Team being the number one choice when looking for waterfront, water view, and golf course properties. If you're thinking of relocating to the beautiful Pacific Northwest or looking for a second home, give us a call or send us an e-mail and let us go to work for you.
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