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Wednesday, May 27, 2009 @ 6:06:00 PM - Written by Ryan Vaught

May 27, 2009

One of the sayings from the "gold-rush" days--"Them that's got the gold, sets the price!"--is also a principle that applies to real estate. We say that a house is only worth what someone will pay for it, even though the owner, the bank, and the agent all have their own opinions about the "market value" of a home. In other words, no sale ever takes place until the buyer agrees with the price.

How can sellers arrive at the maximum "fair" price that buyers are willing to pay? Buyers (and appraisers) make their decision based on comparisons. While shopping for a home, buyers will visit many similar homes in their price range and measure the features of each one against the price. They decide which house offers them the maximum value for the price. Buyers do not expect a home to be a "steal" or dramatically under-priced, but they do expect it to be a fair value.

Sellers must determine the value that their home offers in order to arrive at the right price. The real estate agent will advise the sellers what buyers should be willing to pay for their home, but the asking price is set by the seller.

To learn more about the value of your house and things that real estate agents take into account when pricing a home, check back tomorrow.
 
Take a look at my market report for today!
http://www.ryanvaught.com/chicomarketreport

Currently Ryan has about 30+ listings in inventory, and has already sold 14 homes in 2009. Please don't hesitate to contact me with any questions about Chico area real estate.

Interested in learning more about the Chico area or Ryan?
Vaught Properties: Chico Income Property
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Ryan Vaught: Ryan's Residential website
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Keller Williams Chico CA
Office Phone: (530) 343-2959

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Today's New Listings
1021 ISAAC JAMES AVENUE, Chico, CA $475,000.00
Residential 3 Bedroom 2 Bath Built in 2004   2062 Sq. Ft.
Just one block from an entry into beautiful BIDWELL PARK. Highly desired neighborhood w/stately Oak trees and an inviting appeal. This home has had over $50,000 in upgrades ...

More information on 1021 isaac james avenue
1007 RUSHMORE AVE, Chico, CA $214,900.00
Residential 3 Bedroom 2 Bath Built in 1986   1170 Sq. Ft.
Home offers Corian counter tops in the kitchen and both bathrooms, vaulted ceiling in living room and open kitchen floor plan. Inside laundry room and two car attached garage....

More information on 1007 rushmore ave
1500 E LASSEN AVE, CHICO, CA $199,900.00
Residential 2 Bedroom 1 Bath Built in 1985   1148 Sq. Ft.
Darling home with an open floor plan. This charming home offers, living room and family room, laminate flooring, 2 year old roof, custom fixtures, beautifully landscaped front...

More information on 1500 E Lassen Ave
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