MOST FAVORABLE TERMS

and CONDITIONS?

By pricing it right… INITIALLY!

What is Market Value? (formal definition)

“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
SEASONAL MARKETS
MORTGAGE MARKET
ECONOMICAL CONDITIONS
POLITICAL ACTIONS
LOCATION, LOCATION, LOCATION!

Methods of Evaluation

· MARKET VALUE APPROACH

(comparable property sales)

· INCOME APPROACH

(investment or income producing properties)

· COST APPROACH

(most useful on new properties when replacement values are readily determinable)

NOT INTENDED TO SOLICIT PROPERTIES ALREADY LISTED NOR BUYERS SIGNED UNDER A BUYER'S AGENCY AGREEMENT. E. & O.E.

The information contained herein is believed to be accurate, but should not be relied upon without verification.

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