How to sell your property for the best price, in the shortest amount of time with the most favorable terms and conditions.
Factors Affecting Value
- Supply & Demand
- Seasonal Markets
- Mortgage Market
- Economic Conditions
- Political Actions
- Location, Location, Location
Methods of Evaluation
- Market Value Approach – Using comparables sales
- Income Approach – Used primarily for income properties
- Cost Approach – Used primarily for insurance and replacement value purposes
Market value approach is the highest value, estimated in terms of money, which a property will bring if exposed for sale in the open market, allowing a reasonable time to find a willing purchaser in current market conditions.
