Property Value
What is market price and who sets it?
What will trigger price increase?
1.) Market price is what buyers are willing to pay for a real estate holding and holds no value as to what must be taken out of the property due to over renovating, being devalued, or miscellaneous debt.
What makes a property worth more than that of a comparable neighbour?
* Having continually maintained the property and upgraded
* A clean and tidy property
* Pleasing, neutral décor
* Attractive exterior (AKA curb appeal)
2.) A price increase in property is generally the result of a desirable property attracting many qualified buyers who may or would be involved in competing for the property thereby triggering multiple offers that could increase prices.
Other factors include: a strong economic up-turn, shortage of inventory and inflation.
What a Seller Does Control
- Condition
- Availability
- Price
- Bonuses
- Show Ability
What a Seller Does Not Control
- Competition
- Market
- Interest Rates
- Buyers
Welcome to KWRealEstateBroker.com the official site of Denis Pellerin sales representative of Coldwell Banker Peter Benninger Realty.