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Factors that Affect the Value of Your Home

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
Stein Team Realty - Keller Williams College Park
Mitchell Stein Dre# 02081632
2440 W Arrow Route #5C
Upland, CA 91786
DRE# 01885348

Based on information from California Regional Multiple Listing Service, Inc. as of May 22, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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