Pricing A Property To Sell

Dated: 05/31/2014

Views: 761

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

   
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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....

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