market value
Formally speaking, market value is the estimated price that a willing buyer would pay and a willing seller would accept for a particular home.
In practice, market value is calculated by your Realtor when they recommend a listing price for your home. The process takes into account a number of factors, and references similar homes as examples. The goal is to make an estimate that is as close as possible to the true market value of your home, so you can make an informed decision about pricing.
Related Articles
10 Real Estate Myths
Five Factors That Influence Your Selling Price
The Value of Renovations
How NOT to Choose a Realtor
Have a question? Don't hesitate to ask me, I'll be happy to help.
Home to Home Realty Inc., Brokerage — 23 Epsom Downs Drive, Brampton, ON L6T 1Y7
Ph: 905-793-9233 — Fax: 905-799-6164
Not intended to solicit those already under contract with a brokerage
Website by Saul Marquard Design. All content copyright 2010 Peter Bottcher.
