Determining Property Value
There are many factors that go into determining the value of a home:
- It’s realistic to compare the homes in your area and the asking prices of those homes.
- The law of supply and demand always comes into play. Do you live in an area with increasing job opportunities or an increasing supply of homes?
- Owners needs greatly impact the selling price of a home. Do you need a quick-sell, or do you have time to sit on your sale?
- The selling price is not cut and dry. On many occasions, the seller will negotiate the price, split closing costs or offer different allowances to the buyer, to make the sale of the home complete.
Only a qualified real estate agent can provide a fair market analysis of the homes for sale in your area. A market analysis is usually free and without obligation. For more information on how to receive a FREE market analysis that will help you properly determine the value of your home, contact us.