What affects the market value of my property?

In understanding the market value of your property, we must deal with some factors that are "given" – we have no control over them:


PHYSICAL QUALITIES OF YOUR PROPERTY

  • Location
  • Age
  • Size of house and lot 
  • Floor plan and architectural style

MARKET CONDITIONS  

  • Interest rates and availability of financing  
  • Buyer demand  
  • Prices of recently sold properties  
  • State of the economy  
  • Seasonal demand

THE COMPETITION

  • The number of similar properties for sale
  • Their prices, financing terms, location and physical condition

Some factors have no effect on the current value of your property:
 
ORIGINAL PRICE

  • What you originally paid for your house

NEEDED PROCEEDS

  • The cash proceeds you want or need from the sale

OPINIONS

  • What people say your property is worth



home   |   newsletter   |   about us   |   contact us   |   related links   |   site map
find a property   |   our agents   |   buyers FAQ    |   sellers FAQs   |   sold properties