Value can be established as the relationship between the item being valued and the person doing the evalating. Four factors determine value
- Demand (refers to buyers)
- Utility (means usefulness)
- Scarcity (is supply)
- Transferability (how easily can the item be transferred from one owner to another.
In real estate, value relates to many buyers (high demand), a useful property (with desired and needed amenities), scarcity of wanted properties and where title is clear and transfer is simple. These factors make real estate on eof the most valuable investments you can make.
TIP: An experienced REALTOR offers the greatest help in determining "value" amd fair market pricing. Agents can do a complimentary comparative market analysis or you can pay to have a formal appraisel done to help establish a current market value for your property.
Brought to you from the desk of:
Suzi Enders, Realtor ®
Cellular: (530) 228-1688
email: suzi_enders@yahoo.com
Real Estate Professionals
205 Pearson Road
Paradise California
Office: (530) 872-1600
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