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Anna Brocco's Blog

By Anna Brocco | Broker in Nassau County, NY
  • Setting a Price

    Posted Under: Market Conditions  |  November 19, 2009 4:25 PM  |  603 views  |  No comments

    Setting a Price

     

    A home is worth what someone is willing to pay for it; it doesn’t matter what the seller “needs” or potential buyers can afford to spend. Market conditions do matter as does the immediacy for a transaction to take place. In setting a price, it is in the seller’s best interest to focus on the current market conditions in conjunction with general economic value projections over the next six months. Such projections are useful in the negotiation process and when cited in the seller’s interest will yield the best selling price.

     

  • Market Value v Market Price

    Posted Under: Market Conditions  |  November 11, 2009 6:09 PM  |  584 views  |  No comments

    Market Value v Market Price

     

     

    Market value can and should be defined as the price at which both buyers and sellers are willing to enter into a contractual relationship, whereas the market price is the actual sale/purchase price of a property. If the market value is less than the market price, the  seller is the winner in the real estate game—if the opposite—the buyer benefits more from the transaction. Both definitions incorporate a property’s condition and primarily it’s location as determined in a narrow window of 30-90 days time.  

 
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