The way you live in a home is very different from the way that you should sell a home. This is one reason why, for example, nearly identical tract homes, even on the same street, can sell for significantly different prices. The way that a home is presented to buyers usually makes a big difference […]
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[M04/S05] Three Major Factors affecting Real Estate Values
When it comes to pricing your home, three major factors affecting real estate values: Location Quality Market Condition To evaluate your home’s location, ask yourself how far it is from schools, grocery stores, destinations, and other local amenities. How accessible are highways and public transportation? Also, how close is it to nuisances? Is your home next […]
[M04/S04] Every Home is Unique
In a neighborhood of similar homes, why is one worth more than another? This question has perplexed buyers and sellers for ages, but the answer is simple: every home is unique, and the circumstances of every sale are unique too. Every home is different, and the circumstances in every sale are different too. When a […]
[M04/S03] What Matters and What Doesn’t in Pricing your Home
It’s important to realize what matters and what doesn’t in pricing your home. An area where homeowners get into trouble is that their opinion of their home’s value – or, what they think someone will pay for it – is colored by factors which really have nothing to do whatsoever with how much they can […]
[M04/S02] Real Estate Values and Pricing
What is your home’s value? Notice that the question is about your home’s value and not its price, because there’s a difference between real estate values and pricing. There are a number of factors which affect a home’s value: location, condition, upgrades, square footage, lot size – those are just the obvious factors. Less obvious […]
[M04/S08] Real Estate Appraisal
Another option for valuing your property is to hire a professional appraiser to do a formal real estate appraisal. A professional appraiser will typically charge between $400 and $600 for this service. There are all kinds of appraisals, and they are ordered for a variety of different purposes. But when it comes to selling residential […]