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- The main factors that
affect market value are...
Location:
> Availability of community
amenities, such as public transportation, parks, stores, churches
and schools
> Quality and consistency of
neighbourhood planning
> Future development plans and
local zoning
Property:
> Style, layout, size, age and
quality of construction of the building
> Size, shape, privacy and landscaping
of the yard
Condition of the Home:
> First appearances
> Floor layout
> Quality and appearance of
fixtures
> General overall condition
of main systems (roof, furnace, electrical system, central air,
etc.)
Comparable Properties:
> The asking and selling prices
of comparable neighbouring homes
The best way of establishing
a range of value for a property is to have your realtor prepare
a general market analysis of the neighbourhood you are interested
in. This will give you a good overview of the current market
and will show what comparable properties have been selling for
recently.
Market Conditions and the Economy:
> Number of homes currently
on the market
> Number of people looking to
buy
> The state of the local and
national economy
> Current mortgage rates
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- Other Useful
Informations:
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