When selling a Scottsdale AZ home one of the most important pieces of the puzzle for both the seller and the buyer is price, which obviously matters. The seller without a doubt has a value in mind when he decides to sell his Scottsdale home. A Scottsdale AZ Realtor, such at Gina McKinley, will conduct a Current Market Analysis (CMA), comparing homes that have sold in the area, both what similar homes have sold for and what has sold recently. Conducting a CMA should reveal what is a fair price to list a home at, however certain features can tweak the price per square foot value of a home, such as a home's finishes, upgrades, and assets.
When a home goes under contract a professional appraiser will appraise it. The appraised value is similar to a CMA, it is based on the local real estate market, sales of comparable homes, the condition of the home and a few other criteria.
While the value of a home is first determined by the seller it ultimately is the buyer who sets the price, this is known as Market Value in real estate. Market Value is what a home actually sells for and can be higher or lower than asking price. Gina McKinley, a Scottsdale Realtor, is a valuable tool in the selling of Scottsdale homes because pricing it right can designate how long it takes to sell. Contact Gina McKinley with more of your Scottsdale AZ real estate questions at (480) 355-8645 or by email.
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