Remember, the seller sets the price, but the buyer and the current market conditions determine the value which is the amount you will receive from the buyer.

Market conditions that help to determine value include:

• Mortgage interest rates
• Strength or weakness of the regional economy
• Economic law of "supply and demand"

The condition of your property will also help to set value.  Buyers care about:

• Location of your property
• Updated features such as kitchen cabinets, bay windows, insulation
• Condition of the landscaping and yard
• Deferred maintenance, such as needing a new roof

Value is what buyers are willing to pay for.  Value is not:

• Your original cost
• The cost to re-build
• Your investment in improvements
• Your personal attachment to your home

Value is what comparable style and age homes with similar features in a comparable neighborhood have sold for within the past 6-12 months.

A professional market analysis will supply you with the facts about what comparable properties have sold recently. 

Setting a competitive market price that reflects "Value"  is your decision.

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