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

  • 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

Copyright © 2004 AVrealestateteam.com, All Rights Reserved