FAIR MARKET PRICE
The importance of fair market price.
Research conducted by the National Association of REALTORSâ shows that more buyers purchase their properties at fair market value – not above it.
Your home generates the most interest among Realtors and potential buyers during the first 30 days. If you are not properly prices during this time, we miss that peak level of interest.
The fair market value of your home is determined by the market – that is, what today’s buyers are willing to pay. Buyers are comparing your home to other homes now on the market. They don’t care about:
- What your neighbor thinks.
- What another agent thinks.
- What you spent on improvements.
- What it cost to build.
- What you spent on new
Your home generates the most interest in the real estate community and among potential buyers during the first 30 days it is on the market. If it is not properly priced during this time, we miss out on this peak level of interest: