What is in a Home Value?
It’s common knowledge that location, crime, and neighborhood comps can affect a home’s value. But what are some of the more invisible factors that influence sales price?
The view angle from the backyard
The maximum angle that opens up to the scenery or nature from your backyard. This is measured from no scenic view at all from your backyard to 180 degrees, indicating that the view is scenic from every angle.
The length in feet of the street-facing side of the home’s lot.
Backyard exposure to neighbors
The measurement of how easily neighbors can see into a home and backyard.
Researchers factored in backyard slope, distance to neighbors, home density, and other metrics to determine privacy score. The more private, the more desirable.
Homes with downhill-sloping backyards tend to be more desirable than homes with backyards that slope uphill.
The price of any item is determined by the supply of that item, as well as the market demand. The National Association of Realtors (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their Realtors Confidence Index.
Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).
The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery.
Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. It seems that the market will continue to strengthen in 2018.
1. Demand Is Strong
2. There Is Less Competition Now
3. The Process Will Be Quicker
4. There Will Never Be a Better Time to Move Up
5. It’s Time to Move on With Your Life
When do I get my sales proceeds?
When do I cancel my homeowners fire insurance?
What will I need to bring with me when I go to sign my papers?
What is a statement of information?
I don’t understand tax prorations. How do they work?
Why do I have to pay interest on my loan payoff past the date of recording?
What do I do if I’m an out of state seller and selling property in California?
What is a Deed of Reconveyance?
When do I get a refund from my impound account?
Why does my escrow officer require that I complete a 1099 form?
Do your future plans include selling your house and move?
Are you an empty-nester? Do you want to retire where you are, or does a vacation destination sound more your lifestyle? Are you close to retirement and not ready to move yet, but living in a home that is too big in size and maintenance needs?
How can you line up your current needs with your goals and dreams for the future? The answer for many might be in the equity you have in your house.
HOME VALUE-REQUEST A COMPARATIVE MARKET ANALYSIS – CMA
Help-U-Sell Southland Realty will provide a home value (comparative market analysis) as a free service to any prospective client.