North Georgia, Blue Ridge Real Estate, Home Values, Home Buyers, Home Sellers, Residential Real Estate
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How is the value of a home determined?
The short of it is basically this: What you paid for your home is ultimately what it is worth. Other than that, everything else is just an estimate of value. For example when demand is high for residential housing and the inventory of homes for sale is low, homes typically sell above the asking price. Buyers bid up the price so as not to risk losing the home to another buyer or when another offer is on the table. When a "meeting of the minds" between buyer and seller takes place, the fair market value or worth is established.
The North Georgia market is a very opportunistic market for buyers and sellers. When do you think you will be making your next real estate move? Call Donna Today ! 706-633-0644
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Donna Yates Coldwell Banker High Country Realty 706-632-7311
Associate Broker, GRI
My Fax Toll Free: 866-859-5454
North Georgia Blue Ridge Mountains
Coldwell Banker High Country Realty 706-632-7311
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