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Pricing >The Value of Your House

One of the sayings from the "gold-rush" days--"Them that's got the gold, sets the price!"--is also a principle that applies to real estate. We say that a house is only worth what someone will pay for it, even though the owner, the bank, and the agent all have their own opinions about the "market value" of a home. In other words, no sale ever takes place until the buyer agrees with the price.

How can sellers arrive at the maximum "fair" price that buyers are willing to pay? Buyers (and appraisers) make their decision based on comparisons. While shopping for a home, buyers will visit many similar homes in their price range and measure the features of each one against the price. They decide which house offers them the maximum value for the price. Buyers do not expect a home to be a "steal" or dramatically under-priced, but they do expect it to be a fair value.

Sellers must determine the value that their home offers in order to arrive at the right price. The real estate agent will advise the sellers what buyers should be willing to pay for their home, but the asking price is set by the seller.

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Q	What does "contingency" mean in real estate?
A	A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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Elayne Jassey, REALTORŽ, real estate agent and broker for Stamford, North Stamford, and Greenwich Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

Elayne Jassey
Prudential Connecticut Realty
1200 High Ridge Road
Stamford, CT. 06905
Toll Free: 800-362-7625
Office: 203-329-0136
Fax: 203-329-7880
Email: ElayneJassey@NUMBER1EXPERT.com
Elayne Jassey knows that numbers do count and being #1 counts the most! She has been the #1 sales executive w/Prudential CT Realtys Stamford office for the past 24 consecutive years; she has been #1 in Connecticut for 20 out of the last 24 years, and in 2009 she was #1 in Stamford sales per the CMLS for the 8th consecutive year. She has been named by The Wall Street Journal to their Top 200 in Real Estate, and Realtor Magazine named her to their list of Top 50 Solo Performers in the U.S. In this age of real estate specialization and teams, Elayne is most proud of her continuing work as a solo performer, one of those who still provides her service, individually, to each and every customer. Elayne looks forward to working with you personally, and helping you and your family market your home or find the perfect home or investment property. According to Elayne Meeting YOUR real estate needs is truly #1 to me!

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