Posts from August 30th, 2018

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What Will Drive Home Values in the Future?

August 30th, 2018 by elisa

Resale value is an important consideration in the purchase of your new home. Although it is impossible to predict what will happen in the future to the economy and the real estate market, buyer demand will continue to impact the ultimate value of your home. At the time of sale, a home is a "commodity". Its value is determined by educated buyers who shop competitively in the open market. The transferable value of a property can be identified by comparing the size, style, lot, age and other measurable features with other properties that are currently for sale or have recently sold in the area. A home also has non-transferable value. This can be found in decorating, as well as features and upgrades which exceed the expectations of buyers in the price range. While these elements may make a home more emotionally appealing, they usually shorten the market time rather than materially increase the cash value of...

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Categories: Selling