Factors that Affect the Value of your Home in Today’s Market

• Location
  Location is the single most important factor in determining the value of your home.
  
• Square footage of home and lot
• Condition of your property
• Competition
  • Prospective buyers compare your property against competing properties.
  • Buyers will perceive value based upon properties that have sold or are available in the area.
• Buyer demand level for homes in your area
• Condition
  • The condition of the property affects the price and speed of the sale.
  • As prospective buyers often make purchases based on emotion, first impressions are important.
  • Optimizing the physical appearance of your home will maximize the buyer’s perception of value.
• Price
  • Pricing your home properly from the beginning is an important factor in determining the length of time it will take your sell your house.
  • Market conditions
• Availability of financing
• Interest rates