How to Determine Property Value

By
Real Estate Agent with Nesbitt Realty at Condo Alexandria 0225-089134

Determining the value of a property when deciding where to live can be accomplished with the expertise of licensed real estate agents.

Business as usual for Stuart

Stuart Nesbitt is a Realtor licensed in the Commonwealth of Virginia

There are 3 factors that dictate the price of a property:

  • Location
  • Uniqueness and architectural design
  • Improvement values

A competitive market analysis can be provided are based on:

  • Properties that is comparable within the area
  • Adjustments with property size and conditions differences
  • Location and the sale or rental date of the property differences

Real estate costs are certainly open to negotiations but there are factors that affect the market including localized areas. These factors include:

  • Changes in zoning
  • New construction
  • Properties that are condemned
  • Changes in patterns of traffic
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Rainer
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Kevin A. Guttman-Author, ReverseMortgageSpecialist
NMLS #384936 - Colorado Springs, CO
877-251-9709

Thanks Will!

People always want to know how much their home is worth!

Kevin

Dec 12, 2013 02:16 AM #1
Rainmaker
2,276,093
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Very well done on how to determine value, though there are other factors that come into place you certainly have the main factors.

Make it a great weekend!

Dec 14, 2013 05:10 AM #2
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Rainmaker
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Will Nesbitt

Nesbitt Realty is a family-run brokerage.
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