4 Characteristics Of Value Every Seller Should Remember

1. DEMAND

Demand is in the eye of the beholder. It varies from person to person. The demand for a particular piece of real estate changes as the wants of each individual change.

2. UTILITY

In order for real estate to have value it must have usefulness or utility.
Usefulness creates a desire for possession and has the power to give satisfaction. Will the typical buyer in the marketplace have their needs met by purchasing your home?

3. SCARCITY

In order for real estate to be of value it must be relatively scarce. If too many houses like yours are for sale, it will negatively impact the value of your home.


4. PURCHASING POWER

Purchasing power is created by desire. Can the buyer who desires the property afford the property? The more people that can afford the property, the better.




The above checklist is for informational purposes only & is not a substitute for legal, tax or other professional assistance