Comments Off | Monday, November 8, 2010
In understanding the market value of your property, we must deal with some factors that we have no control over. These factors are physical qualities of your property and the competition.
* Physical qualities:
- Location
- Age
- Size of House and Lot
- Floor plan and design style
* The Competition:
- The number of similar properties for sale
- Their prices and financing terms
- Physical Condition
Then there are some factors that have no effect on the current value of your property. These factors are original price and opinions of others.
* Original Price:
- What you originally paid for your house
- Credits or closing costs
- Down Payment
- The actual Sale Price
* Opinions
- What people say your property is worth
- Websites that contain comparable sales
