MSMLE'S Daily Gem

Understanding Market Value

Market-sensitive pricing can be the key to maximum market
exposure and ultimately, a satisfactory sale.
The existing pool of prospective buyers determines a property’s
value, based on:
-Location, design, amenities, and conditions.
-Availability of comparable (competing) properties.
-Economic conditions that affect real property transactions.
Factors that have little or no influence on the market value of a
house include:
-The price the seller originally paid for the property.
-The seller’s expected net proceeds.
-The amount spent on improvements.
The Impact of accurate pricing:
-Properties priced within market range generate more showing and offers, and sell in a
shorter period of time.
-Properties priced too high have a difficult time selling.

Please call us at 310-402-2258 for a free market analysis! 

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