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Ambassador
6,393,404
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

NO.

Market price is what most sell for, to get top dollar requires a bit more work and sales skill.

 

Jan 08, 2016 04:46 AM
Rainmaker
655,940
Jeffrey Jones
AZ Home Seekers - San Tan Valley, AZ
AZ Home Seekers, azhomeseekers.com

basic Milton Friedman economics- the value of anything is based on the next available option.

 

Jan 08, 2016 02:12 AM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I'm with Gabe Sanders on this one, top dollar is an elusive term.

Jan 08, 2016 03:52 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

In the purchase of a home no as it could have sold under for a number of reasons.

If it is coming from government yes as they know best!

Jan 08, 2016 03:30 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I would think that market price is in-fact market price.  I don't know what is "TOP dollar".

Jan 08, 2016 03:27 AM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Depends on the market.

Jan 08, 2016 03:17 AM
Rainmaker
911,338
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Market Value " The highest price a willing buyer would pay, and the lowest a willing seller would accept." That amount could change at any time.

Jan 08, 2016 02:37 AM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No.  I think that market price is the price the market will support for that particular house on average.  It can go up or down depending on outside factors, but I wouldn't call it top dollar, just the most likely dollar.

Jan 08, 2016 02:06 AM
Rainmaker
979,496
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Richie - Sometimes I would say that might be true. Other times TOP dollar may be more than market price, but never less, I think.

Jan 10, 2016 01:49 PM
Rainmaker
4,572,183
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

What is the definition of Fair?

Jan 09, 2016 02:49 AM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

No; Top $ is when ideal conditions exist. Perfection is never achieved.

Jan 08, 2016 10:19 PM
Rainmaker
2,538,633
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Richie. I would say the is as good an answer as any. Not sure there is any right answer to the top dollar question.

I have not always waited for top dollar when selling a property.

Jan 08, 2016 06:26 PM
Rainmaker
2,759,812
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

I think it is what the market will bear based on condition and location.

Jan 08, 2016 05:57 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

In some cases it may depend on the location.  For example, some people may prefer top Euro, top Yen, top Pound etc.

Jan 08, 2016 05:29 PM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Top dollar is the sales price that raises market value.

Jan 08, 2016 01:31 PM
Rainmaker
1,683,912
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

They probably said the same thing decades ago.  It's a wait and see issue.

Jan 08, 2016 12:53 PM
Rainmaker
1,771,867
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

A property is worth as much as someone is willing to pay for it.

Jan 08, 2016 12:36 PM
Rainmaker
2,443,250
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

Yes, and No. Sometimes people are willing to pay more than market price but an appraisal won't let them.

Jan 08, 2016 12:23 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Not necessarily but generally what most buyers would be willing to pay if they were in the market for that product.

Jan 08, 2016 11:34 AM
Rainmaker
4,160,812
John Pusa
Glendale, CA

Richie Alan Naggar I think, you are correct, market price is the top dollar.

Jan 08, 2016 10:03 AM
Rainmaker
2,362,948
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

no - it is the market price.

Jan 08, 2016 09:55 AM
Ambassador
3,383,334
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

Since whatever the price the home sold for becomes the next available comp for others, yes.  

Jan 08, 2016 07:57 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I think TOP dollar is above the fair market price..... 

Jan 08, 2016 07:33 AM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

I do not know.  What is "fair" Richie Alan Naggar ??

Jan 08, 2016 05:08 AM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

That would not apply to our market.

Jan 08, 2016 05:03 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Richie Alan Naggar Market price is what a ready, willing and able buyer is willing to pay and the seller accepts. I would say the appraisal although very subjective will determine top value at that given time.

Jan 08, 2016 04:29 AM
Rainer
94,105
Val Evans
Scottsdale, AZ

In the here and now yes it is.

Jan 08, 2016 02:49 AM
Rainmaker
1,052,211
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Are we in multiple offers? :D
"Better not tell you now"

Jan 08, 2016 02:47 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

If the property value is equivalent to market price, they did/will receive top dollar.

Where a typical agent would have persisted in their 'reduce the price' marketing plan and sell with no 'list price discount' meaning TOP dollar.

For me, top dollar means measurably ABOVE comps.

It is fair to market 'top dollar? Yes. 

Jan 08, 2016 02:25 AM
Rainmaker
1,197,152
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

Market price is the price determined by the market on that particular day.  One common factor that runs with people who are financially secure is that they avoid impulse or emotional purchases.  They do market research, they compare.  that is why they are financially secure.  

Jan 08, 2016 02:20 AM
Rainmaker
617,935
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

Richie,
I choose not to use the term “top dollar” because it only creates problems. I also think it is trite. I show my clients a grid of what has been happening in the market and we talk about where they want to be in the grid. Faster sale vs. higher net proceeds.

Jan 08, 2016 02:11 AM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I believe it should be more of an average...top value homes may have a lot more amenities

Jan 08, 2016 02:10 AM