All agents are NOT alike! Find out why we are top real estate experts. Call us: (765)438-1132.
Sign Up For Our eNewsletter, FREE! There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU. Find Out More > View All Offers >
School Reports - Reports for Kokomo, Howard County and Tipton County schools kindergarten, elementary, and high schools.
Relocating? - Free real estate information & relocation package if you're relocating to Kokomo, Howard County and Tipton County, in Howard County IN.
Go to Main Sitemap - Main sitemap sections include Find Kokomo, Howard County and Tipton County Homes, For Home Buyers, For Home Sellers, Kokomo, Howard County and Tipton County Information, Real Estate Resources, and About The Pam Maloney Team.
Please Sign Up For The Latest Listings and the Latest Real Estate News
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.
- NUMBER1EXPERT™ 
