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A Quick Lesson on Price vs. Value

March 31, 2022 by Rachel Gontkovic

Do you know the difference between the price versus the value of a home?

The VALUE of a home is relatively more subjective since it’s determined by the house’s style, location, finishes, updates, condition, design, among other similar categories. I offer free home valuations to give you a sense of what your home is worth.

The PRICE of a home is a calculated number that’s determined using comparable market analysis. While this one is a bit more objective, the value will also be considered when calculating a price. I guide my clients to the price that will bring buyers and also reflects all that the home has to offer.

An APPRAISAL helps determine if these two factors are a match and is usually required by lenders for mortgage approval.

Would you like a free home valuation? Get in touch!

Filed Under: Ask the Realtor, For Buyers, For Seller Tagged With: annapolis, annapolis homes, annapolis lifestyle, annapolis living, annapolis real estate, annapolis realtor, buying a home, buying tips, choosing an agent, first home, getting a home loan, Home Owner, home sales, home selling, home valuation, homeseller, pricing your home to sell, Rachel Frenstos, real estate, real estate agent, real estate tips, realtor, sell a home, selling a home, valuation

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