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THE MARKET DETERMINES VALUE
TOGETHER, WE SELECT THE PRICE
As real estate professionals, it is our duty to provide you with accurate information about the market and help you in the selection of a price that meets your objectives. Having a thoughtfully conceived price will greatly facilitate the following:
Immediate impact on ready Buyers
The number of showings and Time on the Market
Negotiations for a win-win transaction
A professional opinion of value should include past sales, replacement cost analysis, and current competing properties. Trends in the market may indicate that the market is either above or below replacement cost. Supply and demand for competing properties will also effect value.
In an amenity market, such as the Bitterroot Valley, properties offering unique locations such are common boundaries with U.S. Forest Service Land or river frontage may receive a much higher evaluation.
Limiting conditions must also be considered. Examples include age of structures, dated floor plans, access difficulties, distance to services, and general condition. The best approach in dealing with limiting conditions is to fix the ones you can and price for the ones you can't. Today's buyers want to buy the shiniest apple they can afford with the least number of problems at the best price.
Immediate impact on ready Buyers
The number of showings and Time on the Market
Negotiations for a win-win transaction
A professional opinion of value should include past sales, replacement cost analysis, and current competing properties. Trends in the market may indicate that the market is either above or below replacement cost. Supply and demand for competing properties will also effect value.
In an amenity market, such as the Bitterroot Valley, properties offering unique locations such are common boundaries with U.S. Forest Service Land or river frontage may receive a much higher evaluation.
Limiting conditions must also be considered. Examples include age of structures, dated floor plans, access difficulties, distance to services, and general condition. The best approach in dealing with limiting conditions is to fix the ones you can and price for the ones you can't. Today's buyers want to buy the shiniest apple they can afford with the least number of problems at the best price.
PAST SALES
REPLACEMENT COST ANALYSIS
COMPETING PROPERTIES
AMENITY FEATURES
REPLACEMENT COST ANALYSIS
COMPETING PROPERTIES
AMENITY FEATURES
APPEAL AND CONDITION
Correct price "position" in the market will create buyer and broker desire to view the property. Make no mistake about today's real estate buyers - they are VERY INFORMED! The Internet has given information access and made it easy to make a comprehensive "self discover" before contacting an agent for an appointment. There are far more drive by viewings that in years past, making curb appeal more important than every before. Buyers recognize value when comparing properties based upon acreage, square footage and quality of improvements, and appeal of the location.
RUMOR and REALITY
At Prudential Montana Real Estate (formerly KING REAL ESTATE), we know the market. Please visit the most current Bitterroot Valley Market Report as published annually in The Bitterroot Compass. The Market Report illustrates the reality of the market by indicating the number of sales in each price range for the previous calendar year. Both residential sales and land sales are included as well as total annual sales volume figures, percentage of appreciation, and market trends.
Contact an agent for a free Broker Opinion of Value. Our combined years of sales expertise will help you determine the value of your real estate investments.
Contact an agent for a free Broker Opinion of Value. Our combined years of sales expertise will help you determine the value of your real estate investments.
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"Rock Prudential" Prudential is a registered service mark of The Prudential Insurance Company of America. Equal Housing Opportunity.