Do you know what the difference is between Market Price and Market Value?
Inmann.com just recently posted a great article explaining this and I thought I’d take the time to briefly explain it to all of you! Market prices is the number attached to the home that the owner has decided is worth the sale of their home. Now many things will come to play in this number like; a realtors suggestion, how much it’s worth it for the seller to move, and a market value.
A market value is researched information and numbers that calculate what the worth of the home might be. For example an appraiser, competing homes, seller and buyer demand really play a role in coming up with this “number”.
Do you know what your homes market value is, and if so, what would be your market price?