Puzzled about Market Price in the Housing Mortgage IndustyThere are some common misperceptions about what the “market price” is for a home. First, the market price is NOT the seller’s asking price. Nor is the price suggested by a real estate agent, or even the value determined by a professional appraiser.

The market price for a home is simply whatever a buyer is willing to pay a seller for the home - PERIOD. Whena  buyer and seller are both happy at the conclusion of the transaction, the true market price has been achieved.

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