real estate: Defining Value in Real Estate
- 11/15/08 07:29 AM
Many Sellers today have a Perceived Value of what their property is worth. They will value their property based on a recent sale in the neighborhood or a past appraisal that was done when the seller refinanced. A seller will also justify a final value based on location, recent renovations, and additions done to the home.
Absolute Value is what a buyer is willing to pay for a home. A buyer will determine this value by asking a realtor about the sale price of comparable sold properties, as well as comparing the price of similar available properties. Buyers will determine … (3 comments)
real estate: Reviving the real estate market must be the focus of any future stimulus bill
- 11/12/08 10:49 PM
As a member of the National Association of Realtors (NAR) and a Realtor in the Lansdale PA area (Montgomery County). I believe that Congress should focus on a stimulus package that will directly reinvigorate the housing market. A large part of the economic crisis that we are currently experiencing is the result of a severe downturn in our country's housing markets. Any efforts to boost the economy must directly involve the real estate market. NAR has proposed a 4-Point Housing Stimulus Plan that should be part of any new stimulus package. This plan would: 1. Make the $7500 first-time home buyer … (1 comments)
Many Sellers today have a Perceived Value of what their property is worth. They will value their property based on a recent sale in the neighborhood or a past appraisal that was done when the seller refinanced. A seller will also justify a final value based on location, recent renovations, and additions done to the home.;)
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