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Real Estate fg>
Eileen M. Day realtor ss.ss
FRAME OF REFERENCE
You thought your house was worth $150,000 but your neighbor just sold his very similar house for $200,000. How can you determine if your house is worth a lot more than you think it is or whether the higher sale was just a matter of luck?
An established Realtor makes a practice of charting actual sale prices in the area. This information, which we call “comparable sales data,” is used as a general frame of reference. To this base would be added specific property related criteria to arrive at a reasonable market value for a particular home.
In addition to pure numbers, emotion plays a role in a buyer’s decision. That, and other factors, such as supply and demand, may lead a buyer to pay more for a home than the land, bricks and mortar appear to be worth.
If you visit our office, we can share our comparable sales data with you and give you a good idea of the current market value of your home. We offer this service at no charge to area homeowners.
If there is anything we can do to help you in the field of real estate, please drop in at EILEEN M. DAY, Realtor, The Clopton House, Washington, Va. 22747. Phone: 6753400. We’re here to help.
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