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School Reports in Plano, Wylie, Allen and Sachse, Texas
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Real Estate Tips
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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Real Estate Trivia
Q 
Where will you find the world's largest indoor waterfall?

A 
The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble.
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The Coats Team, REALTOR®, real estate agent and broker for Plano, Wylie, Allen and Sachse, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Cindy and Jeff Coats
Keller Williams

Serving the DFW Metroplex
214-727-7959
Fax: 972-461-0631
cindycoats@NUMBER1EXPERT.com

We strive to provide you with the best service in the industry. In order to achieve these goals we offer you: * Guaranteed Sale Program * Aggressive Marketing Systems * Full Service or Do It Yourself Programs.

MLSREALTOR


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