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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
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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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Carolyn Yarbrough, REALTOR®, real estate agent and broker for Point Loma, Ocean Beach and San Diego, California home listings, property and land for sale - NUMBER1EXPERT(tm)

Carolyn Yarbrough
Prudential California Realty

2830 Shelter Island Drive
San Diego, CA 92106
619-807-4090
Fax: 619-226-6649
CarolynYarbrough@NUMBER1EXPERT.com

I feel my greatest attribute in selling a home is my aggressive marketing plan. I continually strive to master every avenue to best expose my listings to get my client the best price possible. I understand what a home means, and for over the last 6 years, I've been helping people purchase the homes of their dreams by providing reliable and convenient resources for all aspects of the buying and selling process, making your experience exciting rather than stressful.


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