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Frequently Asked Questions
Market vs Listing Prices
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It is important for buyers and sellers to understand how real estate prices are determined. A price at which an item will sell is the Market Price. Neither real estate agents, buyers nor sellers set these prices. The entire real estate market dictates at what price a property will sell. When demand exceeds supply, prices rise. When demand falls below supply, prices fall. When demand equals supply,prices are stable.
The only way to determine the market value of a particular property is to study the recent sales data of properties that have comparable characteristics. Often sellers are tempted to list their property for a price that is higher than is justified by the data. If the price is higher than similar properties being sold, the likelihood of finding a buyer dramatically decreases. Eventually in order to sell, the price is dropped. However, as a consequence of entering the market with a high price, the property usually has gained a reputation as overpriced and it does not get the attention it might deserve.
Another consideration in determining the listing price is the appraisal value of the property. If the prospective buyer is getting a loan on the property, the mortgage company will not lend the money if an appraisal shows the contract price to be higher than the appraised value. Therefore, it is very important to have a professional assess the value of the property based on comparable properties.
As an experienced REALTOR®, I use what is called a Comparative Market Analysis to show sellers and buyers what to expect for the value of properties in the Fredericksburg and Texas Hill Country area. If you are an interested seller, call me to receive a free analysis of the value of your property. If you are in the market to buy, you can be confident that I will know the fair market value of any property you are interested in.
Sincerely,
Brett A. Bruster, MBA, e-PRO, SRES, ABR
Realtor Associate
CC Herber Co., Real Estate
145 E. Main St.
Fredericksburg, TX. 78624
Brett@brettbruster.com
(830)997-4323 Office
(830)997-8258 Home
(830)456-6243 Cell
For more information about Fredericksburg Texas and Texas Hill Country real estate, visit our Frequently Asked Questions or Links page.
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Acreage Variable Acres - S/W of Fredericksburg Fredericksburg, Texas See Info |
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4/ 3/ 1 - 2816 Sq Ft - Fredericksburg Fredericksburg, Texas $519,000 |
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10 Acres - Kramer rd. Harper, Gillespie Co., Texas $69,000 |
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8.733 Acres - Fredericksburg, Texas $179,500 |
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25 Acres - North of Fredericksburg Fredericksburg, $650,000 |
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4.4 Acres Acres - N/E of Fredericksburg Fredericksburg, Texas $176,000 |
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3/3/None - 1,380 Sq Ft - S of Main Street Fredericksburg, Texas $415,000 |
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9.718 Acres - Fredericksburg, Texas $199,500 |
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60 + / - Acres - East of Fredericksburg Hye, Blanco County, Texas $477,000 |
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50+ Acres - N/W of Fredericksburg Fredericksburg, Texas $499,000 |
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188 Acres - North of Fredericksburg Fredericksburg, Texas $1,600,000 |
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300+/- Acres - South of Fredericksburg Fredericksburg, Texas $2,400,000 |
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57.5 acres Acres - Fredericksburg, Texas $575,000 |
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3/3/Yes - 1644 Sq Ft - N/E of Fredericksburg Fredericksburg, Texas $224,900 |
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5/3/DBL - 3679 Sq Ft - S/W of Fredericksburg Fredericksburg, Texas $1,100,000 |
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2/1/Sing - 1,010 Sq Ft - Fredericksburg Fredericksburg, Texas $ 164,900 |
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135.04 Acres - N/W Gillespie County Harper, Gillespie County, TX $575,900 |
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8.786 Acres - Fredericksburg, Texas $189,500 |
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108.2 Acres - Fredericksburg, Texas $ 810,000 |
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4.29 Acres - Fredericksburg, Texas $125,000 |
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24.99 Acres - Fredericksburg, Texas $287,500 |
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3/2/ - 2258 Sq Ft - Fredericksburg, Texas $315,000 |
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14.93 Acres - Fredericksburg, Texas $375,000 |
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25 Acres - Fredericksburg, Texas $325,000 |
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