Market value is defined as the amount a home can be sold for in a given market. It is the most probable price that a property should expect to receive during a competitive and open market under all conditions requisite to a fair sale with the buyer and seller each acting prudently, knowledgeable and assuming the price is not affected by undue stimulus.
Thinking about putting your home on the market this year? Selling before the end of the first quarter is an excellent strategy that often comes with a host of benefits.
Homebuyers and home sellers hire real estate brokers to assist them with what is commonly the largest financial transaction in most people’s lives. In today’s real estate world, there is a copious variety of business models seeking to serve the needs of homebuyers and sellers. As markets change, types of real estate business models change and evolve with the market. When the market heated up prior to the recession, a business model evolved called limited service companies. The fees charged and services rendered varied greatly. The fees, commissions, and services are 100 percent negotiated between a broker and their principal. The Division of Real Estate does not regulate commissions or services offered. However, the level of services dropped so low, in some cases, that both brokers and their clients were contacting the Division of Real Estate for clarity regarding the minimum amount of service required was to serve the home buying and selling public.
If you’re a long-time Boulder County resident and are thinking of selling your home this spring, you might be surprised by how things have changed since the last time you did so.
The No. 1 reason home buyers purchase a home is to get more living space. In fact, in a recent survey conducted online by Harris Poll on behalf of SunTrust Mortgage, 66 percent of millennials say more space is the top reason for purchasing a home.
Buying or selling your home is one of the biggest and most important decisions you will make in your lifetime – and the process can be complicated with many financial and legal considerations — so it makes sense to rely on a real estate agent who has been around the block, so to speak.
If you have three different professionals measure a home, you will likely be presented with three slightly different results. Why is that? Different standards, rounding differences, and local customs are just a few of the reasons.
Buying or selling a home can be stressful. Buying and selling at the same time is even more challenging, but there are some things that you can do to make it a bit easier. Here are a few tips on buying and selling a home at the same time.