CHAPTER 10 Exploring Value
The primary purpose of this book is to provide insight on how to sell your home quickly and for more money while you’re going through a divorce or separation. The previous chapters were filled with dos and don’ts when preparing a home for the market. I've curtailed the upcoming chapters to help you understand what determines price and market value of a home — yours, specifically. Despite the fact that consumers and the news are saying we are now entering a “buyer’s market,” it is important to understand that it is always a “seller’s market.” Homes are a necessity and there will always be a demand, as people need roofs over their heads, whether renting or owning. We don’t live in caves or nomadic tents anymore, real estate has now become a commodity that always seems to endure the tests of time and circumstance. Your home is unique, and there is no other house exactly like it. Yes, it may share the same floor plan with five other houses in your neighborhood, all built by the same developer, but ultimately the individuality you have created out of your property makes it stand apart from your neighbors. However, your home’s value will be based upon similar homes purchased during a particular time, whether winter, spring, summer or fall. No matter how closely you study the market and its current supply and demand, the real estate market is a complex entity that surpasses all speculation. No one person, economist, or real estate professional can reasonably conclude that the current market has complete control over the salability of a specific 80
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