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Property Sellers typically have many questions regarding the sales process. The following
questions should be considered by any seller of real estate:
Generally, your largest financial asset is the value of your real estate holdings. An experienced real
estate professional is involved in transactions on a daily basis and can be of great value in
assuring you the protection you need in making these decisions. The following definitions may help
you when determining your property value:
If you are working with one buyer and have agreed on a price, how can you be sure it is actually the
market value of your property? Even if you are offered cash, true market value can only be
established by several buyers in competition.
In today’s market, most buyers start looking on the Internet for their purchase. A real estate broker
exposes your property to hundreds of potential buyers by way of a web site and other publications.
He will handle all calls and questions regarding the property as well as all showings. While it is
legal to sell your own property, it is against the law to have your friends or neighbors show it for
you.
The buying process is complicated and tedious, many buyers get discouraged and fail to complete
the process. A real estate professional who has experienced the process many times can ensure
the sale of your property with a minimum of exposures to pitfalls and hassles.
questions should be considered by any seller of real estate:
- Why should a seller use the services of a real estate professional?
- Why can’t I sell my property and save the fee charged by a broker?
- Is a cash offer better than one based on a loan?
Generally, your largest financial asset is the value of your real estate holdings. An experienced real
estate professional is involved in transactions on a daily basis and can be of great value in
assuring you the protection you need in making these decisions. The following definitions may help
you when determining your property value:
- Replacement Value: Ask your insurance agent or builder for the cost to rebuild your house and other improvements. It is
usually figured on cost per square foot. It has nothing to do with Market Value.
- Assessed Value: This is the value your property is taxed at. It is available through the Court House in the Assessors
office. It is computed by an office in Lincoln, people who likely have never been near your property nor have any interest in
buying or selling. It has nothing to do with the Market Value of your property.
- Appraised Value: This value is determined by a certified appraiser, licensed by a state agency. It is calculated by
comparisons of the property to similar properties that have sold recently. It may or may not equal the current market value.
As the market moves up or down, the changes are reflected in the appraised values.
- Market Value: The most probable price property would bring in an arm’s-length transaction under normal conditions on
the open market. How is this price determined? This is the function of a real estate professional. Exposing your property
to the maximum number of potential buyers works to ensure careful protection of your real estate assets.
If you are working with one buyer and have agreed on a price, how can you be sure it is actually the
market value of your property? Even if you are offered cash, true market value can only be
established by several buyers in competition.
In today’s market, most buyers start looking on the Internet for their purchase. A real estate broker
exposes your property to hundreds of potential buyers by way of a web site and other publications.
He will handle all calls and questions regarding the property as well as all showings. While it is
legal to sell your own property, it is against the law to have your friends or neighbors show it for
you.
The buying process is complicated and tedious, many buyers get discouraged and fail to complete
the process. A real estate professional who has experienced the process many times can ensure
the sale of your property with a minimum of exposures to pitfalls and hassles.
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