Health & Fitness
Five factors that determine your home’s value!
The Value of a home is based on much more than just the house itself! There are many factors that need to be considered to determine that value!
The Value of a home is based on much more than just the
house itself! There are many factors
that need to be considered to determine that value:
Location: Location is often the number one
factor that determines the home value.
Price: It is crucial to set a realistic price
from the beginning. The price will
affect how long a home stays on the market.
Competition: Buyers will compare the price of
your homes to similar properties available in the area as well as those that
have recently sold.
Condition:
First impressions are important.
Buying a home is both emotional and subject; therefore, make sure that
your home looks good both inside and out.
Current Market: The real estate market is in a constant state
of flux. It cannot be manipulated and is
difficult to forecast. Conditions such
as foreclosures and short sales significantly impact homes values.
Article submitted by: Keller
Williams Lakeside Shelby TWP., Doug Andrus, Sara Levin, and Sara Maynard 586-799-8035
Resources: Mi RealSource
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