5 Factors that Determine Home Value

5 Factors that Determine Home Value

The Right Price
Pricing your home properly from the start is the deciding factor on how long it will take to sell your home. 

Timing is Everything
What is happening in the market? Is inventory low or high in your area? As of now, inventory is at an all time low and the market follows the basic law of supply and demand. When supply is low, and demand is high, the value of your home increases. In addition to a the status of the market, when interest rates are good the buyer pool for your home is larger. For every point interest rates increase, your price needs to decrease by 25 to 30 thousand dollars to attract the same buyer you had when the rates were low.

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