Value, what’s it worth?
Figure you and I must be talking real estate, the value or worth of a property. You stumble into this section of the Maine real estate site because you want top dollar. If you are a seller. Bottom line, lowest price. If you are the home buyer. Heading to Maine, to tell your how value is arrived at, what it’s worth.
What’s the home worth if you were fixing to list and sell it today?
Not singing along with the Buffalo Springfield song about “For what it’s worth”. You are serious about knowing are you giving it away or stealing it. Buy low, sell high. Sounds like just good business.
But the local real estate market, how hot or cold or in between is the temperature of the current list and sale numbers. Do the best you can if you are a buyer in a seller’s market. If interest rates are high, do the best you can and start owning, stop renting. Refinance along the way or maybe you list and sell to move along.
The sale price of the home will be lower if the interest rates, the cost of money to buy it is higher.
If there is a big supply of homes for sale, take your pick and chose slowly, carefully. If pickings are slim, don’t rule out buying a lot to build your own. BYOB, bring your own building. Why not if you have patience, are a pretty hands on kind of guy or gal.
Owning vs. renting, is there much debate on which fork in the real estate road to take?
If the value of the home goes up as you slowly improve and maintain it. Because real estate is the best hedge against inflation, the longer you own, the better your investment turns out.
Home ownership, being a property tax payer and feeling invested. When it is your name on the title to the mailing address you tell people to use. Nothing compares to “home”.
Home is shelter.
It’s where your family enters the World one by one. Spends the formative years of their lives. Before leaving the nest to in short time find their own starter home. To continue the tradition of home sweet home ownership.
Home is where your holidays happen. A place to spend time in the yard puttering or on the open front porch talking. Where seasons change. Where gardens are planted, tended, harvested behind the garage. Where kids play on swing sets before venturing out to the local community park. Or into other property yards down the road or street to visit.
Home is neighborhoods and other kids.
Or it is country and lots of critters. Small town Maine or rural country settings, it matter nots. Living and invested in your community makes you more a part of it. You have a stake, care more about what happens around you.
What’s it worth, what’s the value today of my Maine real estate?
Without thoroughly looking at the property, and the ones around it in the current market, the broker or agent is wearing a blindfold. There is a science to the valuation, the appraisal process of determining the fair market value of the local Maine real estate.
If I asked you what is a diamond worth? What’s an medical operation cost?
You would not without batting an eyelash quote a number you feel confident about… you would want to see the diamond, ask lots of questions about what type of operation.
Study it from all angles and weigh it. Or refer that examination to a trained professional that knows the value of stones from experience dealing with them. Or the surgeon doing the procedure to find out how complicated it is, to discuss the other options.
Real estate value, the what’s it worth is the same thing.
It depends on so many factors and the local Maine real estate market for the area… not the state as one giant buying and selling arena. The local Maine real estate location, where the property is, that’s the market you want to study.
Here to help you determine the value, the what’s it worth when buying or selling Maine real estate.
I’m Maine REALTOR Andrew Mooers, ME Broker
207.532.6573 | info@mooersrealty.com | MOOERS REALTY 69 North ST Houlton ME 04730 USA