Things That Do Not Determine A Home's Value

Reblogger Roy Kelley
Education & Training with Realty Group Referrals 16766

Sellers Have Biased Opinions of their Home Values

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 

 

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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Please be sure to leave comments at the original blog by Debbie Reynolds

Dec 26, 2016 01:07 PM #1
Rainmaker
4,655,315
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This reblog was not posted at the scheduled time. I had to manually post it.

Dec 26, 2016 01:08 PM #2
Rainmaker
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Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

This is a great post I have had this same discussion for my Seller's before listing their home. Thanks for sharing I hope you have a successful year in 2017'.

Dec 26, 2016 01:12 PM #3
Rainmaker
534,946
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Hello Roy Kelley we as realtor know that ultimately a home is worth what a perpective buyers would pay for the home.  But we can use comparables from recent sales in the immediate neighbourhood to get a range of its value.  All Sellers are the sale, they all think their home is worth more than the one down the street.

Dec 26, 2016 01:16 PM #4
Ambassador
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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thanks for re-blogging this one Roy Kelley, it's info many sellers need to see.

Dec 26, 2016 01:25 PM #5
Rainmaker
4,313,694
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Excellent re-blog, Roy.  There is some information here that both buyers and sellers should read.

Dec 26, 2016 04:12 PM #6
Rainmaker
4,655,315
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Your comments are very much appreciated. Have an outstanding week.

Dec 26, 2016 04:21 PM #7
Ambassador
3,724,783
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Hi Roy, One thing that most sellers have in common are the inflated ideas about their homes. Thank you for the reblog.

Dec 26, 2016 04:25 PM #8
Rainmaker
4,655,315
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thank you very much, Debbie, for stopping by. It is always good to hear from you.

 

Dec 26, 2016 04:27 PM #9
Rainmaker
3,624,689
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

people really think they know values but many thin that regular maintaining is increasing the value

Dec 26, 2016 05:17 PM #10
Rainer
102,855
Rebecca Lewis
ODAT Realty Services, Inc - Grayson, GA

What a great re-blog. Many sellers need to read this information.

Dec 27, 2016 08:24 AM #11
Rainmaker
4,655,315
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Dolores and I have enjoyed a quiet New Year's Day at home.

Enjoy the holiday weekend and have an outstanding 2017.

Jan 01, 2017 04:24 PM #12
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