Home Value

The value of any given property is determined by many different factors. It is important for you, the buyer, to be aware of them. Here is a brief list of variables that may affect the market value of a home.

Physical Characteristics

•         Location
•         Type of community
•         Age
•         Size of home
•         Condition
•         Architectural style

Competition

•         Number of other homes on the market and their price points
•         Length of time property has been on the market

Market Conditions

•         Interest rates and availability of financing
•         Number of other qualified buyers
•         Price of similar properties in the same community
•         The economy

The Seller’s Side

•         Motivation to sell
•         Urgency to sell
•         Recent price reduction
•         Perceived value of the property

All of these factors will help you determine the value of the home and guide you towards

presenting the most appropriate offer.