What Affects The Market Value Of Your Property?
What factors do buyer’s consider when comparing the value of properties with each other?
Physical qualities of your property
 Size of house & lot.
 Floor plan & architectural style.
 Interest rates & availability of financing.
 Buyer demand.
 Prices of recently sold properties.
 State of the economy.
 Seasonal demand.
 The number of similar properties for sale.
 Their prices, financing terms, location, condition, property, etc.
 How you compare to them.
Some factors that have no effect on the current value of your property.
 Original price (what you paid for your property).
 What you owe (your current mortgage on the property).
 How much cash you need or want.
 Opinions (what people say your property is worth).