Pricing A Property To Sell

Dated: 05/31/2014

Views: 754

Many economic principles influence the value of real property.  The following steps are very important to estimate market value:
  • Substitution is the most thing when pricing residential property in a neighborhood with an active market. 
  • Finding the comparable properties in the neighborhood and comparing the basic information will help you determine good price. 
  • The power of the law of supply and demand affects real estate.  Property values rise as demand increases or supply decreases. 
  • Contribution, any improvement to a property, whether to vacant land or a building, is worth only what is adds to the property’s market value.  An improvement’s contribution to the value of the entire property may be greater or smaller than it cost. 
  • Anticipation most buyers purchase real estate with the expectation that its value will increase. 
   
Feryal Ozdemir Denver, Colorado Realtor
Feryal specializes in helping buyers and sellers buy, sell, and invest in real estate, whether buying as a first time homeowner or buying a property as an investment in the Denver Metro Area.
Call
Feryal Ozdemir  @303.332.5551

   
Blog author image

Sheryll White

As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....

Want to Advertise on this Site?

Latest Blog Posts

A Peak Inside Chip And Joannas Farmhouse

I have to say my husband and I are big fans of the Gaines family!  Unfortunately, I have way too much eccentric decor from my self proclaimed artist days and not to mention a mish-mash of hubby

Read More

Real Estate On A Personal Level

I’m going to be a “me monster” for a moment, but I promise this info will help you out too!  I got into real estate here in Castle Rock for many reasons.  The one that has

Read More

Bubbbbbbbblesss

All the "bubble" talk reminds me of the yellow fish in Finding Nemo.  Every time that little pirate chest opens and the bubbles come out he gets so excited (hilarious)!  People get very

Read More

Building 1 Million In Net Worth By Investing In Real Estate

Words literally taken from the title of the article.  These are the kinds of ideas I'm talking about for those of you who want to make real estate investment a part of your business (making a

Read More