 
Your property has many values — one to the tax assessor, others to your lender
and insurance company and yet another value to you, the owner. It also has distinct
values to prospective buyers depending on their needs, desires and financial
resources.
Ultimately, buyer value or market value will determine the selling value of your
property. At Coldwell Banker, we help you determine the value of your home based
on its own merits, not what the house down the street sold for or how much square
footage it has. It is a skill where experience and judgment are of fundamental
importance - a skill we have developed over many years serving sellers of fine
homes in a variety of price ranges. Some of the factors that can determine the
value of your home are:
Location
- Location can be the single greatest factor affecting value. Urban or rural
settings, quality of school districts, and local amenities are just some
of the determining factors of location
Competition
- Buyers compare your property against other properties offered in the market
place
Timing
- The current real estate market may reflect either a buyers' or sellers'
market
- Market conditions cannot be manipulated; an individually tailored marketing
plan must be developed accordingly
Condition
- Property condition affects price and speed of the sale
- Optimizing physical appearance and preparing in advance for marketing
maximizes perceived value
|
|
|
