Influences On Home Value
Each home is unique and presents different layers of opportunity. It’s imperative to have in-depth knowledge of market conditions and current influences on the market in addition to buyer conditions and current influences on buyers.
The highest price at which a property will sell on the open market, given a reasonable amount of time to find a qualified buyer.
“FAIR MARKET VALUE” –
Economic principles of a free and open market. What a buyer is willing to pay for the property based on what has influenced them.
There are many factors that influence the value of a home. However, the surrounding area is one of the most influential.
MARKET INFLUENCES INCLUDE:
⌂Recent Sales of Competing Properties
⌂Availability of Competing Properties
BUYER INFLUENCES INCLUDE:
⌂Amenities and Condition
⌂Home Size and Floor Plan
⌂Age and Quality of Construction
When you choose to work with Phillip Booghier, you also choose to work with Award-winning, Industry-leading brokerage RE/MAX Masters Millennium. The #1 Single RE/MAX Office in the U.S. 2013-2019 & Worldwide-2017
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