The market price of your is based on what willing buyers in the market will pay for your home. However, buyers are all different with different needs, wants, tastes. For some buyers, location is paramount. Families may consider schools over the size and condition of a home.
The market value is an opinion of what a property would sell for in a competitive market based on the features and benefits of that property (the value), the overall real estate market, supply and demand, and what other similar properties have sold for in the same condition.
So as you can see, while each valuation model is similar, there is a difference. Market value is determined by the overall dynamics of the market. Market price is determined by buyers' choices.
We’ve outlined some of the most important factors that influence your home’s value:View More