There are many pricing strategies used to create outcomes that benefit the seller and allow the professionals involved to apply their highest level skills.
Do you know what strategy is in play?
If you don't, then you need to know what fair market value is.
Fair market value is NEVER revealed on aggregate websites or taxing authority websites.
Fair maket value is NEVER revealed in a bank ordered appraisal.
Fair market value is what a willing seller and able buyer agree upon.
It it's 'the' house, 105% sounds great.
If it's a opportungity house, 93% is a good starting point.
If you just got out of that seminar, yoiu know you are going to offer 60% of Fair Market Value minus repair costs.
Be aware, the price is only one important element in the offer. The structure of your offer is important.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
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