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How
much is my
home worth?
To find out your
current home’s value, contact Long & Foster for a free Market
Value Analysis.
Click
here
How much should
I ask for it?
View the asking price to the final sales price ratio.
Click here |
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What determines market value?
Many sellers don't understand that value comes from outside the house. The bricks and
mortar are not what makes value. Value is in the eye of the buyer. The key to value goes say beyond the old real estate maxim: Location, location, location.
Market value is also tied to such trends as:
- Economic conditions that reflect both national and community business conditions.
- National, state and/or local political activity that produces changes in taxes, sales regulations, zoning restrictions or reassessments or property.
- Pressures of supply and demand that create either a buyer's market when there are more sellers than buyers and house prices drop, or a seller's market when there are more buyers than sellers, causing house prices to go up.
- Seasonal influences create
a buying season and an off-season although this traditional trend has given way to more year-round selling.
Click here to see market value trends in Southwest Virginia
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