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 | | HOME VALUES | | | | | |  | | BUYING HOME CHECKLIST | | | | | |  | | SELLING YOUR HOME - WHEN IS THE RIGHT TIME? | | | | | |  | | STAGING… FOR A FASTER SALE AND HIGHER PRICE | | | | | |  | | 8 COMMON MISTAKES MOST HOME SELLERS MAKE | | | | | |  | | SHOULD I BUY REAL ESTATE AT THE TOP OF THE MARKET? | |
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 |  | | July 2008 Edition | |
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HOME VALUES |
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HOME VALUES |
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| Home value sometimes referred to as "Value in Use", is best described as the probable price at which a home trades in a free, competitive, and open market and is synonymous with the market value.
market value:
Market value is the highest price in terms of money, that the property will bring to a willing seller if exposed for sale on the open market; allowing a reasonable time to find a willing buyer, buying with the knowledge of all the uses to which it is adapted and for which it can be legally used, and with neither buyer or seller acting under necessity, compulsion nor peculiar and special circumstances.
subjective value/objective:
Subjective value exists in the minds of the potential buyers and seller. |
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BUYING HOME CHECKLIST |
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BUYING HOME CHECKLIST |
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| If you are buying a home, then, before you decide on whether this home is your dream home, the following checklist will help you look at prospective homes with a critical eye. We suggest printing this page and putting it on a clipboard. |
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SELLING YOUR HOME - WHEN IS THE RIGHT TIME? |
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SELLING YOUR HOME - WHEN IS THE RIGHT TIME? |
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| When should I sell my home?
Your answer to this question might be right now! If you have taken a job in another city or made an offer on a new home, or had an addition to your family, selling your home fast might be the most important goal you have. Most people, however, have some flexibility when they sell their home. |
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STAGING… FOR A FASTER SALE AND HIGHER PRICE |
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STAGING… FOR A FASTER SALE AND HIGHER PRICE |
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| There are many television shows today that focus on home staging. If you have not watched any, do yourself a favor and tune in. They all say the same thing: do not even consider putting your house on the market until you have taken a close look at its condition. |
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8 COMMON MISTAKES MOST HOME SELLERS MAKE |
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8 COMMON MISTAKES MOST HOME SELLERS MAKE |
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| 1. Failure to effectively market the property. Good marketing distinguishes your home from hundreds of others on the market, selling its benefits not just its features. |
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SHOULD I BUY REAL ESTATE AT THE TOP OF THE MARKET? |
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SHOULD I BUY REAL ESTATE AT THE TOP OF THE MARKET? |
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| How will you know a good house when you see it? What if you buy a house and can't sell the one you own? How can you make sure you are making a good investment? What if you think you paid too much and home prices drop?
After years of hefty home-price appreciations, it's natural to wonder how long the good times will last. Real estate markets are cyclical: prices go up and they go down. However, over the long term in this country, prices have tended to move higher. |
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| Liz Gordon | | | Sales Representative | | | Sutton Group Admiral Realty Inc.,brokerage | |
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| 382 Flamingo Rd, Vaughan |
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