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Seller Video Series 6: Market Value

Posted on October 13, 2012 by Tom Bushey

Posted in: Seller Secrets Series , Selling a Home In Calgary , Videos

Source: YouTube - Used under standard YouTube license terms.

If someone bought stock two years ago for $100 a share, and that same stock is now trading at $75 a share, no one would expect a buyer to pay $100 a share just because that's what the stockholder paid.

The same is true of real estate. The value of a house does not depend on how much you paid for it. Nor does it depend on what your neighbor says their home sold for, or how much you may have invested in home improvements that please you.

Instead, the value of a house depends on what the market tells buyers it's worth.

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Tom Bushey, Associate Broker & Realtor®

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