John Snead, Home Buyer in Philadelphia, PA

1425 Dondill PL. what is it really worth/?

Asked by John Snead, Philadelphia, PA Sat Jun 16, 2012

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Answers

6
Larry Lichtman’s answer
As you know by now, whatever price the current market will bear.

If you aren't represented by a Realtor, please feel free to call me to discuss your situation and how I may be able to assist you.

Please keep in mind that you can hire a Buyer's Agent to represent you and negotiate a good deal for you. There is little to no cost to you for these services.

That agent's duty will be to advise you and keep your best interests at the forefront of any transaction.
Your Buyer's Agent (Me, if you choose) will be able to research Comparative Market Data to estimate values on any home for you.

I look forward to speaking with you.

All the best,

Larry Lichtman
REALTOR, Property Manager
Your Real Estate Resource For Life
Cell/Text: (267) 254-7994

DJCRE, Inc.
Real Estate & Insurance
1611 Snyder Avenue
Philadelphia, PA 19145
Office: (215) 271-7070
Fax: (215) 271-7071
1 vote Thank Flag Link Sat Jun 16, 2012
Ok, that's four sayiong the same thing.
Here is what you do. Make an offer and see what happens. That will tell you what it is worth. Not even someone elses offer means anything because that person may have better credit scores than you, may be a cash buyer who can prove it up front, may be able to close when the seller wants it, may have no contingencies or is willing to accept the result of all inspections without requesting credits. It is more complicated that you might think. Unlike other commodities, homes are one of a kind on the location. A car you can find somewhere else, just like it.
0 votes Thank Flag Link Sat Jun 16, 2012
It is worth what a buyer will pay for it but then in still needs to be appraised
0 votes Thank Flag Link Sat Jun 16, 2012
And,
"There is an old saying in real estate - It's worth what you will pay for it. Also what the bank will loan on it and that is where an appraisal comes in to play. Have a Realtor do some comps on the property to arrive at a range of its value." That's two.
0 votes Thank Flag Link Sat Jun 16, 2012
John, the technical answer to the question you have posed is simply that a property is worth what a buyer is willing to pay for it. That being said, sellers that are listing often struggle to detatch emotionally from a residential property, a high listing price may be driven by sentiment. The market value of a property can be established by reviewing what has sold in the surrounding area in the past several months, determining the condition of the property and assessing other pertinent factors. This process is called procuring a CMA, this analysis will help you pinpoint price.
Ana Barlow
The BarlowGroup
Keller Williams CC
0 votes Thank Flag Link Sat Jun 16, 2012
There is an old saying in real estate - It's worth what you will pay for it. Also what the bank will loan on it and that is where an appraisal comes in to play. Have a Realtor do some comps on the property to arrive at a range of its value.
0 votes Thank Flag Link Sat Jun 16, 2012
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