Miami real estate news and information

WHO DETERMINES FAIR MARKET VALUE?

 

THE ‘IDEA’ OF FAIR MARKET VALUE CAN AND DOES VARY ACCORDING TO WHO IS DETERMINING IT.value

WHILE THERE IS A FORMULA FOR DETERMINING VALUE, COMBINING RECENT RELEVANT SALES,  THE PROPERTY TAX APPRAISER’S ASSESSMENT,  NUMBERS OF PEOPLE BUYING AS OPPOSED TO SELLING, AND MARKET CONDITIONS, AND THE MARKET VALUE AS DETERMINED BY THE COUNTY … MUCH ABOUT BUYING AND SELLING REAL ESTATE BOILS DOWN TO TWO THINGS :  PRICE PER SQUARE FOOT AND (LIKE ART)  THE SUBJECTIVE VALUE ANY ONE GIVEN INDIVIDUAL PLACES ON THAT PROPERTY.

AS A REALTOR, I CAN TELL YOU THAT I’VE COME ACROSS PLENTY OF HOMES I’D HAVE PAID WELL OVER ASKING PRICE FOR, AND PROBABLYAS MANY THAT I WOULDN’T HAVE WANTED EVEN YOU YOU GAVE THEM TO ME.  BEAUTY IS IN THE EYE OF THE BEHOLDER.  NOT ONLY IS THAT TRUE OF ART, BUT IT’S DEFINITELY TRUE OF HOMES.

WHENEVER YOU’RE IN THE MARKET TO BUY OR SELL REAL ESTATE, CALL US AT 305-793-1365 / 305-632-0164. WE KNOW THE FACTS, THE STATS, THE MARKET CONDITIONS AND CAN GIVE YOU THE INFORMATION YOU NEED TO HELP YOU DECIDE ON THE BEST OPPORTUNITIES OUT THERE FOR YOU.

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