Hello, Trent Woods Neighbors!
I know you’ve heard about home prices falling precipitously in some regions of this country. Do you know if this is happening here? To YOUR home? I hope you are reading the statistics that appear below this column monthly. You’ll see the relative rise or fall of prices, days on the market and how close the sale price of a home is to the original list price (list to sale ratio). These things tell you something about the current market value of your home.
If you are planning to sell your home, you’ll need more than these statistics to help you establish an appropriate sale price. While supply and demand have an impact on home prices, it’s a bit more complicated than pricing bread or milk or the local fast-food hamburger. Your first step should be to secure the services of a qualified real estate consultant – someone who knows the market inside and out! My next recommendation is to have your home appraised by a professional real estate appraiser.
