MARKET VALUE

It is important to research the value of homes currently on the market. The current selling price of a home does not mean that a property is ‘worth’ that amount to you market conditions and what a buyer is willing to pay for a property affect the true value of the home at any moment in time.

When deciding the value of any property, the following criteria should be considered:

• Location of the property

• Condition of the property

• Buyer demand

• Current prices of similar properties

• Recent sales of competitive properties

• Availability of financing

Ultimately, the value of any property is dependent on what is important to you and whether this is the home that you wish to buy.