Use these tips from Frontdoor.com to understand some important and sometimes overlooked elements of the Real Estate Market. When it comes to taking part in any step of any process, especially selling, there are several truisms that each much understand.
–Homes will always sell at market value. Market value is determined by what the buyer is willing to pay.
–Market value is not a fixed, rigid price, but instead a range of value. This is because no two buyers are alike.
–The buyer=the market.
-The deliberate underestimation of price and value is called “low-ball” this is particularly associated with offers that are well below a seller’s asking price.