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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.
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What is a "jumbo mortgage"?
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The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates. |
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Michael Hixon
Country Ranch GMAC Real Estate
1858 Highway 95
Bullhead City
AZ 86442
Cell: 928-279-2877
Fax: 928-758-8808
Email: michael@mydesertfoothills.com
All Within 10 minutes of my front door! You can be playing golf on the new beautiful Laughlin Ranch golf course. Launching your boat, waterskiing, jet skiing or fishing on the beautiful Colorado River. Enjoying your favorite game or live entertainment in one of Laughlin Nevada's riverfront casinos. You can enjoy your off road vehicles or toys in the desert foothills, or just relax sitting in your yard and enjoying the beautiful sunsets, casino, river and mountain views. Welcome Home! Come and be my neighbor. Call me today. 928-279-2877   
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