Your property has many values – one to the tax assessor, another to your lender and insurance company and yet another value to you, the owner. It also has distinct values to prospective buyers depending on their needs, desires and financial resources. Ultimately, buyer value will determine the selling value of your property. At Jack Gaughen Realtor ERA we help you determine the value of your home based on its own merits, not what the house down the street sold for or how much square footage it has. It is a skill homes in a variety of price ranges. Some of the factors that can determine the value of your home are: Location Location can be the single greatest factor affecting value. Urban or rural settings, quality of school districts, and local amenities are just some of the determining factors of location Competition Buyers compare your property against other properties offered in the marketplace Timing The current real estate market may reflect either a buyers’ or sellers’ market Market conditions cannot be manipulated; an individually tailored marketing plan must be developed accordingly Condition Property condition affects price and speed of the sale Optimizing physical appearance and preparing in advance for marketing maximizes perceived value