​​​​​​​3989 Elmcrest Road
Liverpool, NY, 13090, US
Office: (315) 458-8121

Determining Your Home Market Value

If you have any more questions about determining your homes market value please Contact Us. If you are looking to sell your home or buy your next dream home visit our Buyers Page or Sellers Page for helpful tips and tools.

Determining Market ValueNow that you have made the decision to sell your home, it is time to determine its asking price. Since the procedure by which it is calculated can be somewhat complex, you will want to seek the guidance of a trained professional – you're REALTOR®. Should you price your home too low, you could potentially cheat yourself out of thousands of dollars. Conversely, if you price your home too high, potential buyers will bypass it in favor of something more reasonably priced. Leaving your home on the market for too long could have the adverse effect of giving it an unfavorable reputation. The object is to choose a price that is neither too high, nor too low. The asking price should be both accurate, given its market value, and fair. You're REALTOR® is familiar with the market and all of its changes. Take advantage of their knowledge and expertise.

 

What is Market Value?

Market value is the highest price that a willing buyer and seller, not under any compulsion or outside pressure, agree upon. Determined by outside influences, such as social and political factors, as well as the economy, market value is the price that your home should sell for in the current market. Your home’s fair market value depends on a number of other factors including, how it was built, its location, the condition it is in, the size of both the house and the property it sits on, as well as the price of other similar homes that have recently sold in your neighborhood. The price you choose will also be determined by the tempo of the market, the public’s confidence in the current economy, and competition within the market. Ultimately, the market will determine the value of your home, not you, making the services of a trained professional who understands it and all of its complexities all the more worthwhile. Don’t hesitate to ask your REALTOR® any questions you may have – their knowledge could save you thousands of dollars please Contact Us for more information.

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REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to it's strict Code of Ethics.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of CNYIS, powered by CNYIS. Real estate listings held by firms other than Excel REALTORS®, are marked with the IDX logo and detailed information about them includes the Listing Broker's Firm Name.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Excel REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

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​​​​​​​3989 Elmcrest Road
Liverpool NY  13090
(315) 458-8121
(855) 219-6614
Fair Housing and Equal Opportunity Fair Housing and Equal Opportunity