Which Price is Right?

Questions and Answers on Nashville Real EstateYou have questions.

I have answers. 

Q&A is always one of my favorites.  Answering questions helps people solve problems and that is the highlight of my day.

Here are a couple of recent ones that I answered:

Question:  I was looking at a house for sale online, one site had a price of $293,000 and another had it listed at $317,000.  Which one is right?

Steve:  I understand your frustration and I’m glad that you asked this question.  To know the correct price the best place to check is my site: NashvilleRealEstateNow.com.  This site is connected directly to the MLS and is updated every 15 minutes.  In addition, my site will also tell you when a house is under contract with a contingency.  Most sites won’t tell you when a home is under contract.  They consider this to be “smart” marketing.  I prefer not to trick people and waste their time.  I want my clients to be the most educated and best equipped in the market. 

NEXT.

Question:  This home appraised at $280,000 a few years ago.  What do you think it is worth today?

Steve:  That’s a great question.  You also need to consider this. Appraisals are an opinion of value based on many factors that do not always equal the sales price.  Also, the value a few years ago has no bearing on the price today.  The best opinions of price come from a thorough analysis of recent sales and listings of similar homes in your neighborhood.  Without doing the required homework, there can be no expectation of accuracy.   I will be glad to tell you what it’s worth, l just need a little time.

Do you have a question that you want me to answer?  Leave it in the comments below and let’s talk about it.

This Deal of the Day in Nashville has expired because it sold.  To see the latest Daily Deals, click the link below:

http://www.nashvillerealestatenow.com/blog/

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