Blacksburg, Christiansburg and Radford Virginia real estate listings, home buying, selling and relocation information

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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	From 1974 to 1996, what was the world's tallest habitable building?
A	The Sears Towers, headquarters for Sears, Roebuck & Co., with 110 stories and 1,454 feet high.
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Lynn Huff, REALTOR®, real estate agents and broker for Blacksburg, Christiansburg and Radford Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Lynn Huff
Long & Foster Realtors
400 Roanoke Street
Christiansburg, VA 24073
toll free: 1-800-895-1565
Fax: 540-382-2509
Frank's E-mail: frankkregloe@gmail.com
Great real estate service begins by finding the right agent to faithfully represent your interests. Lynn Huff has a reputation for matching people with properties, exceptional marketing and advertising strategies, knowledge of the market and love of the New River Valley are qualities upon which clients rely.

The data relating to real estate on this website comes in part from the Broker Reciprocity/IDX (Internet Data Exchange) Program of the New River Valley Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than (Long and Foster) are marked with the Broker Reciprocity logo (IDX) and detailed information about them includes the name of the listing broker.

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