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What is My Home Worth?


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Determining Value – Factors that affect the value of your home in today’s market

Location

  • Location is the single most important factor in determining the value of your home

Floor Plan

  • Different floor plans will determine different prices, even when compared to similar living or lot square footage

Competition

  • Prospective buyers compare your property against competing properties
  • Buyers will perceive value based on properties that have sold or are available in the area

Timing

  • Property values are affected by the current real estate market
  • As the real estate market cannot be manipulated, a flexible marketing plan should be developed which analyzes the current marketing conditions and individual features of the property

Condition

  • The condition of the property affects the price and speed of the sale
  • As prospective buyers often make decisions based on emotion, first impressions are important
  • Optimizing the physical appearance of your home will maximize the buyer’s perception of value

Price

  • Pricing your home properly from the beginning is important in determining the length of time it will take to sell your home
  • Reviewing this home marketing plan will assist you in determining the best possible asking price