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HOW DO I DETERMINE THE VALUE OF MY PROPERTY IN TODAY'S EVER CHANGING REAL ESTATE MARKET?


This question is foremost in the minds of all sellers and represents the beginning of the sale process. The answer to this question is generally dictated by three factors:

1. Market Conditions
The condition of the local real estate market will weigh heavily in determining the value of a property and in some instances, dictate the length of the sales process. Various elements such as interest rates, number of properties on the market and the time of year will all assist in determining the value of a property.

2. Overall Condition & Characteristics of a Property
These two elements are paramount to the sale of a property and are distinct to each property itself. Items such as visual appearance, recent upgrades, maintenance concerns, views, proximity to water, number of bedrooms, baths, acres, age, style of house, garages options, basement concerns and living space will all weigh into determining a property’s value.

3. Location
The old adage concerning Location, Location, & Location is still true today and will ultimately assist greatly in establishing a property’s value. Factors such as school district, town, proximity to areas rich in employment opportunities as well as accessibility to services will determine how appealing a property is to a prospective purchaser.

A licensed real estate professional will utilize each factor set forth above to provide a broker’s price opinion regarding the sale your property. Each of our firm’s licensed professionals are skilled in the art of valuing properties and we look forward to providing this service to each client.