Just had a client (selling) ask how relevant the price she paid when she purchased is to the current market value. Seems fitting time for a reminder for those interested. My answer: While we have indices that predict current price based on the last purchase, most buyers are focused on recent sold data and then with the current purchasing power of their money. That is, they think, “if I have $X, what can I buy?” So, they look backward a bit with sold comparables and then turn their attention to their present available options.
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Uncategorized • January 28, 2014
Purchase Price vs. Current Market Value
by Michael Doyle
Uncategorized HGTV Ultimate House Hunt – Vote for our listing! Hi all, Our Birch Bay listing has been nominated to be featured on HGTV’s Ultimate House Hunt! Please take a minute to vote for our listing so that we can be named as 2017’s Great Estate listing! http://www.hgtv.com/design/ultimate-house-hunt/2017-ultimate-house-hunt/great-estates Thank you!
Sellers 1224 Shark Reef Road I'm really excited to have just listed this beautiful, modern home on stunning waterfront acreage; completed in 2011 after years of careful contemplation by an architect/owner creating for himself. The site and home feature spectacular views over San Juan Channel, Cattle Point Lighthouse, and the Strait of Juan de Fuca to the Olympic Mountains. The home's orientation provides […]