What Affects The Market Value Of Your Property?
In understanding the market value of your property, we must deal with some factors that are "given" — we have no control over them: Physical qualities of your property
The Competition
q Location
q The number of similar properties for sale
q Age
q Their prices, financing terms, location and physical condition
q Size of house and lot q Floor plan and architectural style
Some factors have no effect on the current value of your property:
Market Conditions q Interest rates and availability of financing q Buyer demand
Original price q What you originally paid for your house
q Prices of recently sold properties
Needed proceeds
q State of the economy
q The cash proceeds you want or need from the sale
q Seasonal demand
Opinions q What people say your property is worth Orrin Banner, CDPE,SFR Office: 757-926-4845 Office Fax: 757-345-5119 E-mail: orrin@cbwilliamsburg.com Voicemail: 757-345-5119 Mobile: 757-871-9466