home prices: Market Value – A Primer for Today’s Home Buyer
- 05/28/13 11:15 AM
In the current seller’s market that exists in most areas of the country, I can assure you that most buyers will be paying “market value” for a home. Let’s have a closer look at the definition of “market value” (source BusinessDictionary.com): “The highest estimated price that a buyer would pay and a seller would accept for an item in an open and competitive market.” With buyer demand far exceeding supply, it is basic economics that a home will most often sell for its market value. As I write this post, I am grappling with how to best deal with another agent … (7 comments)
David Grbich is the Broker Owner of Ventana Coastal Properties serving the needs of buyers and sellers in Orange County, CA. David is Ranked #1 Agent in the San Juan Capistrano area per ActiveRain.
In the current seller’s market that exists in most areas of the country, I can assure you that most buyers will be paying “market value” for a home. Let’s have a closer look at the definition of “market value” (source BusinessDictionary.com): “The highest estimated price that a buyer would pay and a seller would accept for an item in an open and competitive market.” With buyer demand far exceeding supply, it is basic economics that a home will most often sell for its market value.
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