Holly O'Driscoll

A Realtor's Perspective on Reno – Lifestyle, Business, Family

Selling (or Buying) a Home Just Got More Complex

WCityscape taken from TMCC. Photo by Sandy Goff.hat’s your home worth? That’s a math — and market — question.  In a market that’s changing as fast as it is in Reno, just pulling up sales from the last six months won’t provide an accurate answer.

The real answer to “What is my house worth” is: The price a buyer is willing to pay. BUT with an important caveat: If the buyer needs a loan to purchase your home, the lender has to agree.  Lenders require a professional appraisal of value before funding a loan.

That adds a complex layer to nearly every home sale.  Realtors® use lots of data to analyze nearby homes — ones that have closed escrow, those pending sales and active listings to provide information to sellers and buyers.  This gives a general idea of what buyers might pay for a certain home.

You can take a look at what homes are for sale in your neighborhood at my new Chase International website.  Then contact me if you have questions about buying a property — or finding out what your home might sell for in today’s market.

As always, call or text me at 775-762-7576 or email me at hodriscoll@chaseinternational.com


5 comments on “Selling (or Buying) a Home Just Got More Complex

  1. ODriscoll, Bill
    April 10, 2015

    I like it! Short (so important) and loaded with useful info…good work…

  2. hollyodriscoll
    April 10, 2015

    Thank you! The idea is to help people understand the market — one bite at a time!

  3. C>D
    April 10, 2015

    Great work! Thanks Holly!

  4. agent provocateur
    April 12, 2015

    Reblogged this on Nevada State Personnel Watch.

  5. agent provocateur
    July 2, 2015

    Reblogged this on Nevada State Personnel Watch.

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This entry was posted on April 9, 2015 by in Change, Nevada Living, Real Estate, Real Estate Marketing, Reno and tagged , , , .
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