Rule #3: The value of a house is set by the homebuyer and the market. The appraised value, the listing price, the average house value in the neighborhood is not the value of the house. The true value is what the house sells for. Price and value not the same thing. Most of us focus on price not on value. What really matters when buying a home is searching for value.
If you’d like to reserve a free copy of my upcoming book – 365 Rules about Real Estate, please email me here.
365 Rules about Real Estate is my ongoing series about buying and selling real estate. Every day this year, one rule will post here on my blog. The book 365 Rules about Real Estate is almost finished and I hope to publish in February. It covers: general rules about real estate, rules about buying real estate, rules about neighborhoods, rules about choosing a Realtor, rules about offers, rules about mortgages, rules about home inspections, rules about condos and new home construction, rules about moving, rules about getting ready to sell, rules about selling real estate, rules about open houses, rules about selling privately, rules about contractors and handymen, rules about attics, electrical, furnaces and air conditioners, fences, flooring, gardens and yards, home improvements and maintenance, bathrooms and kitchens, roofs and windows. My aim is to take the mystery and stress out of the home buying and selling process.