How much is really in your property?
In the world of real estate, there are several terms are used to describe the value of a property. The desired price, the price of the appraisal and the sale price are three of the most common terms, but what is the difference between them? In this article, we will explore the differences between these terms and why they are important.
Desired price
The target price is the price that the owner of a property you want to receive it. This price can be influenced by many factors, such as the sentimental value that the owner has on the property or the market value of the owner believes that the property has.
However, the desired price is not always based on the reality of the market, so it is important that the owners are realistic about the price they are asking for your property.
Price appraised
On the other hand, the price of an appraisal is the estimated value of a property according to a professional appraiser. Appraisers consider many factors when determining the value of a property, such as the location, age of the property and the specific characteristics of the same.
Often, lenders require an appraisal to make sure that the value of the property to justify the loan. Buyers may also request an appraisal to make sure that the sale price is fair.
Sale price
The price of the sale, for its part, is the final price at which the property is sold. The price may be the same as the desired price, or you can be different. If the desired price is higher than the price of the sale, the property may take more time to sell, or can not be sold at all. On the other hand, if the sale price is higher than the price of the appraisal, it can be difficult to find buyers willing to pay the price.
It is important to note that the sales price does not always reflect the actual value of the property. Often, the final sale price is influenced by factors such as the supply and demand of the market and the negotiations between the buyer and the seller.
In conclusion, the desired price, the price of the appraisal and the sale price are three important terms in the world of real estate. It is important to understand these differences in order to make informed decisions when buying or selling properties.
How much is your property in Mijas?
Mijas is a town in the province of Málaga, Spain, known for its natural beauty and historic charm. If you are interested in buying or selling a property in Mijas, it is important to understand the differences between the desired price, the price of the appraisal and the sale price. In addition, it is important to consider the unique characteristics of Mijas and its real estate market.
The real estate market of Mijas
The real estate market of Mijas has experienced an increase in prices in the recent years due to its attraction as a tourist destination. Many people looking to buy properties in mijas to enjoy the mediterranean lifestyle, the nearby beaches and exuberant nature.
As a result, the desired price may be higher than the price of an appraisal, but it is important to note that the final sale price can depend on many factors, such as the exact location of the property, its state of maintenance and its size.
Pricing in Mijas
Appraisers in Mijas also consider the unique characteristics of the city to determine the value of a property. The location is an important factor, as some areas may have a panoramic view of the sea or be close to the old town of Mijas, which can increase the value of the property. In addition, the mediterranean climate of Mijas allows many properties have gardens and terraces, which can also increase its value.
In summary, to understand the differences between the desired price, the price of the appraisal and the sale price is important in any real estate market, but it is especially relevant in the town of Mijas, due to its unique features.
If you are interested in buying or selling a property in Mijas, be sure to make a thorough investigation and to work with real estate professionals trust to make sure you make informed decisions, or contact with us.
