If a house is worth $240,000, what is the maximum selling price? (appraiser, percent)

[homenj]

If a house is worth 240,000 dollars, what is the maximum I could ask a realtor to sell it for?

Any good negotiators here?

[dontaskwhy]

You could ask any price you want, doesn't mean you will get it. Where is the home located? Is it in an HOA? Is your market hot, houses bought and solved fast ? There is no answer to the price you could list or sell it without much more information. This is best answered by a Realtor in your local area and we don't know where that is yet.

[petsandgardens]

What do you mean by "worth"? Who decides the "worth". Appraiser?....

[goldenlove]

If it's "worth" $240,000, then you can ask $240,000. If it sells for $210,000, then it was worth $210,000.

[Diana Holbrook]

You can ask for anything you want.

The key is whether you can get anyone else to agree.


Most importantly, an actual buyer with money.

[lvmensch]

The answer of course is driven by how the home compares with similar models. I normally expect a relative common floor plan to get to plus or minus 10 percent in 10 years. And at 20 years it gets wider.

The difference is the parameters of the home. Corner? Densely populated street? Golf Course frontage? Swimming Pool? Interior flooring? Appliances? Fully upgraded recently?

It is complicated and need an expert eye and judgement.

[Boompa]

A house is worth the value of the land it stands on and the cost of construction. Over that is speculation

[lvmensch]

Originally Posted by Boompa

A house is worth the value of the land it stands on and the cost of construction. Over that is speculation

Nope. A whole lot more parameters influence price than land value and replacement cost. The placement of the lot can move value by a factor greater than 2.2. Some will and do pay a couple of hundred grand for the view.

[jdhall1]

I'd list at 250k even

[lvmensch]

Originally Posted by jdhall1

I'd list at 250k even

I would think not if you have good sense. Say 25 years old and original and run down. Would you really list it at 250K? If so you would waste every ones time.