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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.
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What famous person said this? "Real Estate is the best investment in the world because it is the only thing they're not making anymore!"
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Will Rogers, who began his career as a rope-throwing cowboy and later became a famous stage and film star. |
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Deb Paton-Showley Group
Coldwell Banker Roth Wehrly Graber
2580 Walton Blvd.
Warsaw, IN 46582
Direct: 574-268-3438
Fax: 574-267-4443
Mobile: 574-527-6022
dshowley@cbrwg.com
psghomeinfo@dishmail.net
We pride ourselves on serving our clients to the best of our ability. We are proven experts in lake properties, new construction, residential, and lots & land for Warsaw, Winona Lake, Syracuse, Leesburg, and all of Kosciusko county. We specialize in selling homes on Lake Wawasee, Lake Tippecanoe, Syracuse Lake, Webster Lake, Barbee Chain of Lakes, and Winona Lake. We also specialize in custom homes located in Shadow Lake Estates and Eagle Crest Development in Warsaw, IN. Relax, at Paton-Showley Group, we do the work for you! Give us a try today.     
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