“The highest price in terms of money which a property will bring to a willing seller if exposed for sale on the open market allowing time to find a willing buyer, buying with the knowledge of all the uses to which it is adapted and for which it is legally capable of being used, and with neither party acting under necessity, compulsion or peculiar and special circumstances”.
Major Factors Affecting Value
SUPPLY AND DEMAND
LOCATION, LOCATION, LOCATION!
Methods of Evaluation
MARKET VALUE APPROACH
(comparable property sales)
(investment or income producing properties)
(most useful on new properties when replacement values are readily determinable).
Dianna Mandzuk has more than 31 years experience as a successful full-time Realtor, that means years of experience in your corner when it comes to home buying or home selling.