Top Real Estate Investments in Alpharetta, GA 30009
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Selling Your Home!
Basically, five major factors influence the fair market value of any home. 1. Supply and Demand when selling your home. Sometimes, in some places, a "seller's market" exists, where few or no homes are for sale and whatisfor sale commands a higher price. In other times and places, a "buyer's market" prevails, where many homes compete for few buyers, and home prices tend to lower in order to affect sales. 2. Mortgage Money. When mortgage money is scarce (or "tight"), higher interest rates prevail, and often larger down payments are required. Fewer buyers are then able to qualify for loans, and homes may take longer to sell or require price reductions. Different areas differ widely in loan policy. Down-payment requirements, discount-point practices, and many other elements also affect fair market value. 3. Seasonal Markets. Weather plays an active part in creating demand and in influencing the sale of homes. In the South, buyers are most active in the winter months when people go south to escape the cold. In the North, buyers are most active in spring and summer. Of course, there are buyers who are house hunting at every time of the year, and a home put on the market in "off-season" may have less competition. 4. Economic Climate. Besides the national economic climate, business conditions of any community strongly affect home sales. Where new business is building, real estate prospers; where business is faltering, home prices fall. 5. Political Actions. What happens in Washington, D.C., your state capital, or your home town or city directly affects your property. Changes in sales and income taxes change the value of your home. So do changes in local zoning, property reassessment, property tax rates, appropriations for community projects, and salary increases for government workers. If you're thinking about buying or selling a home, we can help you determine what the market value should be for the home you have or the home you choose. How can you determine the right price for your home?http://isabelsnewhomes.com/home-value-analysis/ Click this link for a Free Seller Guide. http://isabelsnewhomes.com/home-selling-system/ Isabel Elsesser, Residential Specialist 770-307-8751Direct 770-650-2825Office First United Realty Of Atlanta Save Time & Money When Selling Your Home! Isabel@Elsesser.com www.IsabelsNewHomes.com ...read more
By First United Realty - Isabel Elsesser June 07, 2017