About the Verona, New Jersey Area Request our Free Lyndhurst, Rutherford, North Arlington and Nutlley Relocation Package. It's packed full of useful and important information about the Lyndhurst, Rutherford, North Arlington and Nutlley, New Jersey area. Don't move here without it! Remember: we'll send it to you for free and without obligation. Just fill out the form and we will send it right out... It's our job to know EVERYTHING about Lyndhurst, Rutherford, North Arlington and Nutlley! Ask us any question. Or request a FREE information package. There's no obligation, and we promise to get back to you quickly... 
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.
|
| Q |
What information does nearly every state in America require the seller of a home to reveal to the buyer?
|
| A |
Most states require disclosure of any existing problems or conditions that could affect the value of the house. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
