Many homeowners, qualified potential buyers, etc., believe they know what a particular home is worth, but they often overestimate or underestimate its true value. VALUE! Homeowners, looking to sell their house, need to have an accurate idea, so they can make sure it is priced right, right from the start! Those considering selling should also gain this knowledge, to be sure they are not, overpaying their property taxes, etc. Wouldn’t it also make sense for qualified potential buyers to know this too, so they understand their options, within your price range, etc.? Instead of trying fake it, It is wise to be safe! With that in mind, this article will briefly attempt to consider, examine, review and discuss, using the mnemonic approach, what this means and represents, and why it is an important matter to consider.
1. Virtues; viable; views / visualizations: Know the strengths and weaknesses of the house, property, location, etc., and consider what virtues, as well as responsibilities, can affect the value. You need a realistic and workable approach and solution, so you better realize, if your views align with those of others. In the real estate transaction process, you will need to get quality, qualified views or even the best property, it will not sell!
2. Zone; analysis; attitude: Let your attitude be supportive and helpful, rather than hinder your best chances! Is the area something that makes the place more or less attractive to others? Instead of guessing, proceed with the necessary analysis, based on a Professionally Designed Competitive Market Analysis, or CMA.
3. Learning; listens; list price: Gain knowledge and commit to learning as many factors as possible that affect real estate values! Listen effectively to the professional real estate agent you hire and start by offering it at the most suitable listing price.
Four. Unique; usual / unusual: What are the unique characteristics or characteristics of a specific property and home that make it more or less valuable? A desirable location, pristine, the property in general, room layout / size, etc. can add value, while specific locations, small rooms, or oddly shaped properties can diminish it. Fully consider both the usual and unusual advantages and disadvantages in a well-considered way!
5. Excellence; emphasis; Energy: Is the house energy efficient and does it take advantage of any specific trends, etc.? Will you put your emphasis on introducing the best approaches and maximizing excellence, etc.?
A smart approach, is to know, the true VALUE, in a realistic way! How will you view these considerations?