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Factors that should NOT affect your Home Asking Price
Establishing the market value is not an absolute science. But is should be based upon location, the latest  ‘like property' sales in your neighborhood, condition of home, features, market inventory and conditions.
Here are some factors that should NOT influence the pricing your home :
Your cost.  The amount you paid, does not affect the current market value. Your Investments / Improvements.  Sometimes improvements, such as upgraded new kitchen, can influence the asking sales price, but typically you will not recoup the total amount of your improvements. An improvement to you, may not necessarily be an improvement to a potential buyer. Consider the improvements for your enjoyment and use. The Assessed Value. This is the value given to your property by the local authorities to determine your real estate taxes.  This value does not typically reflect the true market value as it is only a percentage of the value. Your Needs.  The value of the property should never be what you ‘need' to recoup from the sale. Value it determined by what a buyer is willing to pay for your property in the current market. Emotion. How can anyone place a value on either the good or bad emotions/memories associated with ... more

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