The true market value of your home is what a buyer is willing to pay: · Based on today’s market · Based on today’s competition · Based on today’s financing · Based on today’s economic condition · Based on the buyer’s perception of the condition · Based on location · Based on normal marketing time · Based on showing accessibility The market value of your home is NOT: · What you have in it · What you need out of it · What you want · What it appraised for · What you heard your neighbor’s house sold for · What the tax office says its worth · How much its insured for · What your mortgage is · Based on memories and treasures · Based on prices of homes where you are moving
