If you are looking into buying a house, you might be confused because there are so many different price tags attached to the house. Some are substantially higher while others are a little bit lower. Is your mind playing tricks on you? After all, you reckon that it is the same house so the prices should very well stay the same. However, it doesn’t always work that way because there are many different assessors for the house. From real estate agents to building guilds, they often have different ways of looking at the cost and estimated price for the house. This guide will help you understand each price a little better. Market Price This is often the easiest price that people can identify with. Based on market forces, the price of the house will be determined by the number of buyers that are interested in the same property and how much they are willing to pay for that same property. The overall cost will then be averaged and that amount will be the market price as you see it. You will notice that market price is the price which is often quoted to buyers because it deals directly with [...]
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