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How do you determine value in real estate?
The first thing we do to determine the value of your home is compare the features and benefits of your property with the features and benefits of similar homes that are currently on the market or have recently sold.
For example, does your home feature a popular floor plan? Does it have easy access to a backyard? Does it have a view? Is it a one-story or a two-story home? All of those things affect the value of your home.
The value of your home will also depend on who you are competing with in the market. If there are 20 buyers that are looking and there is only one property available, that home’s price will increase. If there are more homes on the market than there are buyers, you might not get top dollar for your home.
There are a lot of factors that determine the value of a home.
Before I meet with homeowners, I pull a list of homes that are in escrow to find out if they got a good price, multiple offers, or if they had any challenges. This helps me prepare to sell your home.
If you have any other questions about determining value, or if you have any other real estate questions, please feel free to give me a call or send me an email. I look forward to hearing from you!
