How to Determine Market Value

Real Estate Agent with The Laurie Satushek Team DRE 103821 NWMLS 81640


Determining Market Value

The market value of your home is determined in several ways...


The market value of your home is not:

1.  What you have in the home

2.  What you need out of it

3.  What you want

4.  What it appraised for

5.  What you heard your neighbor’s home sold for

6.  What the tax office says it’s worth

7.  How much it’s insured for

8.  Based on prices of homes where you are moving

9.  What Zillow says it’s worth


The true market value of your home is… what a buyer is willing to pay for the property based on the number of competing homes:

1.  Based on today’s market

2.  Based on today’s competition

3.  Based on today’s financing

4.  Based on today’s economic conditions

5.  Based on the buyer’s perception of the condition of the property

6.  Based on the location

7.  Based on normal marketing time


Property’s that sell in today’s market:

On a scale of 1-10 (“10” are the ones that are selling). How can your property be a “10”?

1.  By improving the condition dramatically

2.  By offering good terms

3.  By improving the way the home shows

4.  By adjusting the price


As you advance through your marketing period, you may observe some warnings:

Realtor elimination– if the realtors are not previewing it and do not show it, they are eliminating it.

Buyers elimination– if it is being shown with no results, the buyers are finding better properties to buy and they are eliminating the property.

 Laurie Satushek Team

Laurie Satushek 360-223-9515, Team Leader Founder

Kimberly Secord 360-389-0670, Agent

Heather Stevenson 360-441-7120, Executive Admin

Melissa Weidling 360-312-5822, Executive Admin

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