Ultimately, the value of your home will be determined by the market. Basically, the market value is the amount buyers are willing to pay at the point in time that you want to sell. A Comparable Market Analysis (CMA) is the best way to judge market value. Avoid the urge to price your home based on considerations that do not affect its market value, such as:
• How much money you need to purchase
your next home
• How much you paid for your home
• How much you paid for improvements to your home
• The value of a similar home in a DIFFERENT community
• Area appreciation statistics
• The cost to build the same home today
• Personal attachment
REMEMBER, THE MARKET DETERMINES PRICE!