A: It depends on your definition of Full Market Value. Please don’t confuse what a real estate agent tells you is the value of your property with how much money you will actually put in your pocket if, and when the property sells.
First of all, it is quite common for a home or property to sell for 12 to 20 percent less than what the real estate agent lists it for.
Secondly, when using a real estate agent, it isn’t uncommon you as the seller will probably be required to do a number of repairs to satisfy the buyer. These repairs could cost thousands of dollars.
Third, don’t forget your holding costs. (Your loan payments and the cost of your money tied up in the property, which could be making you money, somewhere else.) A real estate agent will not make your mortgage payments for you while you wait for a buyer. We will buy your house now!
Finally, there are commissions to the agent which can be as high as 6 percent, and your closing costs which can be as much as 2 percent.
A real estate agent could tell you your house or property is worth X amount of dollars. By the time your agent sells it, figure in your holding costs, price reductions, repair costs, commissions, selling costs, etc., etc.—it is likely that tens of thousands of dollars will be taken off the top of what your agent originally suggested your house was worth!
The Bottom Line is we agree on a fair price that meets yours and our needs and close quickly.If we can’t agree, we do nothing. No one loses and it costs nothing to explore your options.
