A blog cannot deal with all aspects of a subject and is not intended to replace professional advice. It's purpose is to highlight information and identify areas of possible interest. Anyone wishing to discuss this blog or to make any comments or suggestions about this blog is invited to do so by either posting comments or emailing me directly.
October 13, 2012
Seller Video Series 6: Market Value
Source: YouTube - Used under standard YouTube license terms.
If someone bought stock two years ago for $100 a share, and that same stock is now trading at $75 a share, no one would expect a buyer to pay $100 a share just because that's what the stockholder paid.
The same is true of real estate. The value of a house does not depend on how much you paid for it. Nor does it depend on what your neighbor says their home sold for, or how much you may have invested in home improvements that please you.
Instead, the value of a house depends on what the market tells buyers it's worth.
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