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Market Value What determines value? Location within the area Location within the neighborhood Size and floor plan of house Number of bedrooms and bathrooms Condition of house Improvements and amenities Size, features and usability of lot What does not affect value? What you originally paid for your house The amount of cash you need to purchase your new house Your actual cost for remodeling and maintenance What your house may have been worth in the past Who determines value? Buyers do! They determine value by what they are willing to pay in today's market, based on the comparison of your house to others currently available and recently sold. Who determines if your house sells? You do! By listing your house at the current market value.
Patti
Boe - Broker Associate |