46 min
Property Valuations Have GONE NUTS! Seller Expectations Have Sobered Up! DFW Real Estate Weekly
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- Business News
You've probably heard it said that your house is worth what somebody's willing to pay for it, which is true! But in the structure that we exist, that's not ALWAYS true, your house is worth what somebody's willing to pay for it and what the bank will let them borrow for it. People aren't always able to pay what they are willing to pay because the appraiser or the bank says no. That's why the property valuation matters. It's also the amount you pay taxes on and Dallas has skyrocketed their valuations. Hear Todd's thoughts!
We also just passed the "best week to sell" your home, what does that mean and how have sellers adjusted their expectations?
You've probably heard it said that your house is worth what somebody's willing to pay for it, which is true! But in the structure that we exist, that's not ALWAYS true, your house is worth what somebody's willing to pay for it and what the bank will let them borrow for it. People aren't always able to pay what they are willing to pay because the appraiser or the bank says no. That's why the property valuation matters. It's also the amount you pay taxes on and Dallas has skyrocketed their valuations. Hear Todd's thoughts!
We also just passed the "best week to sell" your home, what does that mean and how have sellers adjusted their expectations?
46 min