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Real Estate Tips
Pricing >The Value of Your House

One of the sayings from the "gold-rush" days--"Them that's got the gold, sets the price!"--is also a principle that applies to real estate. We say that a house is only worth what someone will pay for it, even though the owner, the bank, and the agent all have their own opinions about the "market value" of a home. In other words, no sale ever takes place until the buyer agrees with the price.

How can sellers arrive at the maximum "fair" price that buyers are willing to pay? Buyers (and appraisers) make their decision based on comparisons. While shopping for a home, buyers will visit many similar homes in their price range and measure the features of each one against the price. They decide which house offers them the maximum value for the price. Buyers do not expect a home to be a "steal" or dramatically under-priced, but they do expect it to be a fair value.

Sellers must determine the value that their home offers in order to arrive at the right price. The real estate agent will advise the sellers what buyers should be willing to pay for their home, but the asking price is set by the seller.

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Real Estate Trivia
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Where is the world's oldest hotel?

A 
The Hotel Ryokan in the village of Awazu, Japan dates back to AD 717, when an inn was built near a hot spring reported to have miraculous healing properties.
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Garrett and Amy Lines, REALTOR®, real estate agents and broker for Chandler, Tempe and Gilbert, Arizona home listings, property and land for sale - NUMBER1EXPERT(tm)

Garrett and Amy Lines
Keller Williams Realty East Valley

2077 East Warner Rd., Suite 110
Tempe, AZ 85284
Fax: 480-718-8783
Garrett Direct: 480-444-2270
Amy Direct: 480-444-2280
amylines@number1expert.com

Finding the right agent who understands your needs and is committed to what's best for you can be a challenge. Amy and Garrett have helped hundreds of people buy and sell real estate from starter homes to luxury estates. We pride ourselves on discovering your individual real estate needs and then tailor our service to achieve the goals we set together. Our consulting service includes the highest level of customer care plus real estate education on topics from choosing the right lender to finding a qualified home inspector and everything in between. Whether you're buying or selling, our comprehensive consulting package will provide detailed property information coupled with our knowledge and negotiating experience to help you arrive at the right price. With our help, you'll make an informed decision. When you choose us, you get the benefit of two Realtors working for you! Whether you need to buy or sell a home, we are here to help you. We are interested in you and your specific real estate needs and welcome the opportunity to meet with you. Please contact us at your earliest convenience. You never know when you'll need a great Real Estate Agent!

ABREqual HousingGRIMLSREALTOR


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