Wednesday, October 20, 2021 / by Tara Turner
Factors that Affect the Value of Your Home
Factors that Affect the Value of Your Home
The selling price of a home is determined in large part by buyer demand. In a seller's market, prices soar since there are more buyers than sellers. The reverse is true in a buyer's market. Let's look at other factors that influence your home's value.
Market Conditions. The economy, interest rates, and competing properties on the market all impact your home's value.
Location. Your home's proximity to schools, shopping, and transportation plays an important role.
Condition. The condition of your home will impact not only the price your home sells for but also how quickly it sells.
Property Amenities. Your home's features are a major factor in determining what buyers will be willing to pay for your home.
When selling, price, terms, and marketing also play a role. Overpricing a property usually costs the seller in the long run. Favorable terms on options like occupancy and closing dates are beneficial. An effective marketing plan executed by a realtor will expose your home to the maximum number of potential buyers helping to maximize your selling price.
If you have any questions relating to buying or selling a home, please give us a call at 909-255-1070. Mitchell Stein License# 0208163
The selling price of a home is determined in large part by buyer demand. In a seller's market, prices soar since there are more buyers than sellers. The reverse is true in a buyer's market. Let's look at other factors that influence your home's value.
Market Conditions. The economy, interest rates, and competing properties on the market all impact your home's value.
Location. Your home's proximity to schools, shopping, and transportation plays an important role.
Condition. The condition of your home will impact not only the price your home sells for but also how quickly it sells.
Property Amenities. Your home's features are a major factor in determining what buyers will be willing to pay for your home.
When selling, price, terms, and marketing also play a role. Overpricing a property usually costs the seller in the long run. Favorable terms on options like occupancy and closing dates are beneficial. An effective marketing plan executed by a realtor will expose your home to the maximum number of potential buyers helping to maximize your selling price.
If you have any questions relating to buying or selling a home, please give us a call at 909-255-1070. Mitchell Stein License# 0208163
