{"id":14167,"date":"2020-10-14T15:27:40","date_gmt":"2020-10-14T15:27:40","guid":{"rendered":"https:\/\/lakehomes.com\/info\/?p=14167"},"modified":"2020-10-14T15:27:42","modified_gmt":"2020-10-14T15:27:42","slug":"whiteboard-topics-3-things-to-know-about-value-in-the-real-estate-market","status":"publish","type":"post","link":"https:\/\/www.lakehomes.com\/info\/lifestyles\/whiteboard-topics-3-things-to-know-about-value-in-the-real-estate-market","title":{"rendered":"Whiteboard Topics: 3 Things to Know About Value in the Real Estate Market"},"content":{"rendered":"\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Whiteboard Topics: 3 Things to Know About Value in the Real Estate Market\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/VWibr7IfovI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><span style=\"font-weight: 400;\">When you\u2019re buying or selling a home, there\u2019s one thing that should be on your mind \u2014 value. If you\u2019re buying a home you should be thinking about getting great value for your dollar, and if you\u2019re selling, you should be thinking about maximizing the value of your home. Whether you\u2019re buying or selling, here are three important things to think about when it comes to <\/span><b>value<\/b><span style=\"font-weight: 400;\"> in real estate:<\/span><b><\/b><\/p>\n<ul>\n<li><b>Value vs. Price <\/b><span style=\"font-weight: 400;\">Many people confuse value and price as the same thing, but they\u2019re not! If you believe a house you\u2019re selling is worth more than its listing price, that\u2019s only perceived value. Price is what that house is listed for. The perceived value of both the buyer and seller have to align in order to create the actual value. Many deals fall through because of the disconnect between perceived value and actual value.\u00a0<\/span><\/li>\n<li><b>Financial Value <\/b><span style=\"font-weight: 400;\">This is what the home is worth in real dollars to most people. Because we make decisions justified by emotion, financial value and personal value get mixed up when buying or selling a home. If there is an aspect of a house that does not add financial value to a house, then it is a personal value.<\/span><\/li>\n<li><b>Personal Value <\/b><span style=\"font-weight: 400;\">This is what the home means to you \u2014 this is more common among sellers. If you make an addition to your home that you know won\u2019t necessarily increase the financial value of your home, but that you enjoy personally, that\u2019s personal value. Personal value is still important, but it is not financial value. This confusion can derail many great opportunities in the real estate market.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The key to understanding value when buying or selling a home is knowing value does not equal price, and personal value does not equal financial value. Whether you\u2019re buying or selling your lake home or property, our <a href=\"https:\/\/www.lakehomes.com\/agents\">agents<\/a> at Lake Homes Realty can help provide insight into today\u2019s lake real estate market and guide you in your home journey. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":25,"featured_media":14168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15429,3],"tags":[139,16128,149,16127],"class_list":["post-14167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ceo-insights","category-advice_and_tips","tag-lake-real-estate","tag-lake-real-estate-market","tag-real-estate-advice","tag-real-estate-market"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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