Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from The Risser Group, a proven Lancaster and Lititz, Pennsylvania NUMBER1EXPERT™ Top Selling real estate agent. Find Lancaster and Lititz Homes - Find Lancaster and Lititz, Pennsylvania real estate listings & homes for sale provided by The Risser Group, your local expert real estate agent. For Home Buyers - Get home buying information, the latest listings, mortgage informaiton, expert advice, and much more from The Risser Group, a proven Lancaster and Lititz, Pennsylvania NUMBER1EXPERT™ Top Selling real estate agent. For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from The Risser Group, a proven Lancaster and Lititz, Pennsylvania NUMBER1EXPERT™ Top Selling real estate agent. Lancaster and Lititz Information - Find local information on Lancaster and Lititz, Pennsylvania including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by The Risser Group, a proven NUMBER1EXPERT™ Top Selling real estate agent. Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from The Risser Group, a proven Lancaster and Lititz, Pennsylvania NUMBER1EXPERT™ Top Selling real estate agent. About The Risser Group - Information about The Risser Group including testimonials, guarantees, credentials, and contact information. Learn why The Risser Group is a proven Lancaster and Lititz, Pennsylvania NUMBER1EXPERT™ Top Selling real estate agent.
Please Sign Up For The Latest Listings and the Latest Real Estate News
Pricing >The Value of Your House
One of the sayings from the "gold-rush" days--"Them that's got the gold, sets the price!"--is also a principle that applies to real estate. We say that a house is only worth what someone will pay for it, even though the owner, the bank, and the agent all have their own opinions about the "market value" of a home. In other words, no sale ever takes place until the buyer agrees with the price.
How can sellers arrive at the maximum "fair" price that buyers are willing to pay? Buyers (and appraisers) make their decision based on comparisons. While shopping for a home, buyers will visit many similar homes in their price range and measure the features of each one against the price. They decide which house offers them the maximum value for the price. Buyers do not expect a home to be a "steal" or dramatically under-priced, but they do expect it to be a fair value.
Sellers must determine the value that their home offers in order to arrive at the right price. The real estate agent will advise the sellers what buyers should be willing to pay for their home, but the asking price is set by the seller.
|
| Q |
What price range is considered upscale or high-end in residential real estate?
|
| A |
The price range varies depending on the local market, but upscale homes are in the top 10% of an MLS area's annual home sales. |
 See More Real Estate Trivia > |
|
|
|
- NUMBER1EXPERTS™ 
