When listing or buying a property on an island the size of Bainbridge there are many nuances which may affect pricing. Kim makes it a point to discuss this in detail with her Buyers and Sellers, and will typically produce a CMA (property evaluation) for clients to help them understand the pricing. Contact Kim and let her find your best selling/buying price.
In real estate, property values are not the same as property prices. Property value is an estimate of what a home or a piece of land is actually worth; the price may be higher or lower, depending on:
Identification: The property value is often referred to as the fair market value. Fair market value is the estimated price a buyer and seller could agree on if both were interested in working on a transaction together. The definition assumes that both parties have sufficient information about the market and the property, and that the property has been on the market for a reasonable period of time.
History: The most common method for determining property value* is by the sales history of comparable properties, for example homes of a similar size and similar amenities, in comparable neighborhoods. Appraisers and assessors will use 6 months or a year of sales as the basis for the value of similar properties.
*All Area Appraisal Affiliates Network