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.

	See All Tips In The "Pricing" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Diana Gould, GRI
Coldwell Banker Residential Brokerage
893 Post Road
Darien, CT. 06820
Cell : 203-249-6656
Office: 203-655-3961
Fax: 203-655-5192
Email: dianagould@NUMBER1EXPERT.com

As a long time resident of Stamford, I am thrilled to have the opportunity to help you with the successful sale or purchase of your property. I hope that my knowledge of the community and strong attention to detail will earn your trust.

www.dianagould.com is brought to you by Diana Gould, real estate for
Stamford, Greenwich, Darien and Lower Fairfield County, Connecticut

Read Diana Gould's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge