Many homeowners, qualified prospective buyers, etc., think they know how much a particular home is worth, but often overestimate or underestimate its true value. WORTH! Homeowners looking to sell their home need to have an accurate picture, so they can make sure it’s priced right from the start. Those considering selling should also obtain this knowledge, to be sure they are not overpaying their real estate taxes, etc. Wouldn’t it also make sense for potential and qualified buyers to know this as well, so they understand their options, within their price range, etc.? instead of trying to fake it, it is prudent to be safe! With that in mind, this article will briefly attempt to consider, examine, review and discuss, using the mnemonic approach, what this means and represents, and why it is an important issue to consider.
1. virtues; viable; views/views: Learn about the strengths and weaknesses of the house, property, location, etc., and understand what virtues, as well as responsibilities, could affect the value! You need a realistic and workable approach and solution, so you better realize if your views align with others. In the real estate transaction process, you will need to get qualified and quality viewings, or even the best property will not sell!
two. Area; analysis; attitude: Let your attitude be supportive and helpful, instead of getting in the way of your best chances! Is the area something that makes the place more or less attractive to others? Instead of guessing, proceed with the necessary analysis, based on a professionally designed Competitive Market Analysis, or CMA.
3. Learning; listen; list price: Get knowledgeable and commit to learning as many factors as possible that affect real estate values! Effectively listen to the professional, real estate agent, that you hire, and start by offering it at the most appropriate quoted price.
Four. Unique; usual/unusual: What are the unique features or characteristics of a specific property and house that make them more or less valuable? A desirable location pristine, the property in general, room layout/size, etc., can add value, while specific locations, small rooms, or oddly shaped properties can decrease it. Fully consider both the usual and unusual advantages and disadvantages in a well considered manner!
5. Excellence; emphasis; Energy: Is the house energy efficient and taking advantage of any specific trends, etc.? Will you emphasize introducing the best approaches and maximizing excellence, etc.?
An intelligent approach, is to know, the true WORTH, in a realistic way! How will you consider these considerations?