Things That Do Not Determine A Home's Value

Reblogger Tony and Suzanne Marriott, Associate Brokers
Real Estate Agent with BVO Luxury Group @ Keller Williams Arizona Realty BR534744000 & BR540649000

Debbie Reynolds "Appraisers use data based on past sales. They do not use emotions and use an arms length evaluation to arrive at the value."

Right on target - and - re-blog!

Original content by Debbie Reynolds TN Broker: 208698

Seller's Have Biased Opinions of their Home Values

ZillowMany have their own opinions based on how they feel about their homes and their own evaluation. Some check online evaluation services and this is very misleading. The truth is the value is determined by what a buyer is willing to pay. If the buyer is using a mortgage then the value may be determined by an appraiser working for the lender. Appraisers use data based on past sales. They do not use emotions and use an arms length evaluation to arrive at the value. 

 

These items do not determine a home's value.

  • What you paid for the home.
  • How much you have invested into the home.
  • How much you owe on the home.
  • What the tax assessor says.
  • What Zillow says.
  • How many bills you want to pay off with the proceeds.
  • How much you will have to pay to buy a new home.
  • How much you value it and love the home.
  • What a great floor plan you think you have.
  • How much better than you think your home is than others in the neighborhood.
  • Improvements you made that overbuilt your neighborhood.
  • How much you have loved living there.
  • How many compliments you have received from friends and family.
  • How pretty or expensive your furnishings are.
  • The good times and memories you have made while living in the home.

A good local real estate agent can give you an evaluation of the real value of your home. Agents use the same basic steps of comparing homes to closed homes that appraisers do. Local agents know trends and what is happening in the neighborhoods. Local agetns have local experience. Listen to the recommendation of your local agent.

 

In Clarksville TN, contact the agent that knows the market, The Real Debbie Reynolds at 931-320-6730

When you need Real Estate services in Clarksville TN

                  it would be my pleasure to assist you!                             

        "The Real Debbie Reynolds"

Check out all Clarksville TN Real Estate on My Website

                   
                   
931-920-6730 Office or 931-320-6730 Cell

Clarksville TN Homes

Berkshire Hathaway HomeServices-PenFed Realty

2503 Wilma Rudolph Blvd., Clarksville, TN 37040 

 

     ©2015 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC.

           Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol
                                                               are registered service marks of HomeServices of America, Inc.®
Realtor LogoEqual Housing Equal Housing Opportunity.

 

Google Plus       Follow me on YouTube       

  

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Sales and Marketing

Spam prevention
Show All Comments
Ambassador
3,481,154
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Thank you for the reblog, Tony. Have a Happy and Prosperous New Year.

Jan 01, 2017 05:13 AM #1
Rainer
289,407
Noel Mayer
FAIRMOUNT REALTORS - Montclair, NJ
YOU'RE RIGHT AT HOME WITH NOEL

 Thank you for the advice  

Jan 01, 2017 05:14 AM #2
Rainmaker
3,814,987
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for the post.Happy New Year . I hope you will achieve all your goals in 2017. Have a good year.

Jan 01, 2017 06:30 AM #3
Rainmaker
4,042,269
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Great choice for a re-blog.  If only more sellers would understand these thoughts.

Jan 01, 2017 04:50 PM #4
Rainmaker
534,166
Jeff&Grace Safrin
F.C.Tucker 1st Team Real Estate - Valparaiso, IN
SpousesSellingHousesTM

Great re-blog Tony & Suzanne - we would add " How much net profit is needed from this homein order to be comfortable to buy the next home" we seem to get that comment from sellers sometimes, lol ,as if this would influence our Broker Price Opinion based on recent area Sold comp data? LOL

Happy New Year

Sincerely,

Grace

 

Jan 01, 2017 05:06 PM #5
Rainmaker
4,390,630
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is an excellent selection for a reblog. You can count on sound advice from Debbie Reynolds

Jan 01, 2017 06:11 PM #6
Rainmaker
2,730,608
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

You are most welcome Debbie Reynolds - thanks for authoring! Wishing you a Happy and Prosperous 2017!

Jan 02, 2017 04:43 AM #7
Rainmaker
2,730,608
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Good to hear from you Noel Mayer Wishing you a Happy and Prosperous 2017!

Jan 02, 2017 04:43 AM #8
Rainmaker
2,730,608
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Thank you Gita Bantwal Wishing you a Happy and Prosperous 2017!

Jan 02, 2017 04:44 AM #9
Rainmaker
2,730,608
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Thanks Gabe Sanders Wishing you a Happy and Prosperous 2017!

Jan 02, 2017 04:44 AM #10
Rainmaker
2,730,608
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Agreed Jeff&Grace Safrin Wishing you a Happy and Prosperous 2017!

Jan 02, 2017 04:44 AM #11
Rainmaker
2,730,608
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Thanks Roy Kelley Wishing you a Happy and Prosperous 2017!

Jan 02, 2017 04:44 AM #12
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
2,730,608

Tony and Suzanne Marriott, Associate Brokers

Serving Scottsdale, Phoenix and Maricopa County AZ
Ask me a question
*
*
*
*
Spam prevention

Additional Information