Why a Home’s Value Isn’t a Fixed Number
Posted by Mike Wald on
Why a Home’s Value Isn’t a Fixed Number
One of the most common misconceptions we hear from sellers is that a home has a single, predetermined value.
As if the market has already decided what it will sell for — and the rest is simply timing and paperwork.
In reality, that’s almost never how residential real estate works.
Most Homes Have a Range of Value
Rather than having one fixed price, most homes sell within a range of value.
That range is influenced by factors like:
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The neighborhood
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The type and condition of the home
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Recent comparable sales
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And, most importantly, how buyers respond once the home comes to market
The difference between the low end and the high end of that range can be…
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