What does the value of your home depend on?

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Establishing a correct value of the home is a really important factor in successfully selling your home. In this article we will talk to you about some elements that will help you give your home the price it deserves and sell your property quickly, and without complications.

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6 Factors that determine the value of a home
value of a home
1. The relationship between value and condition of the home
When setting a price, it is essential to know what condition our house is in : if it is new Chinese Overseas America Number Data construction, if it is to be renovated, if it has all the facilities and that they work correctly, and if it has elements or equipment that can facilitate the rise in price… This point is really important to calculate the correct selling price of a home.

Recommended reading:   5 ways to increase the value of your home
2. The subjective value of your home
We are all in love with our houses, and when we have to put a price on it, that feeling always appears that makes us unconsciously put a high price on our home. We know that a house is full of memories and in most cases it has cost a lot to get it financially, but all this is not valid for this market, for the real estate sector.

As sellers, we have to stop and think about what the market is like in the area and what a buyer interested in your home would be willing to pay.

3. The buyer
The buyers are quite informed people who have surely spent a lot of time analyzing the market, the area...

But, although these buyers are experts, there are many types of buyers and each of them has different interests and tastes. So, don't worry, your house may have elements or characteristics that are essential for that buyer.



4. The market
According to the Appraisal Society, “the market value is the price at which the property could be sold by private contract between a willing seller and an independent buyer on the date of the appraisal.

The market value is a starting point for pricing your home. With this information you will be able to set a fair price for your home so that it sells quickly and easily. To find out what the market value of your home is, at Housfy we offer you a totally Free Tool that offers you the value of your property just by filling in the data and clicking. That easy!

To carry out this assessment we use the data from the Registry, the database of properties with similar characteristics in the different real estate portals and the data from the last sales made in the area. This way, we know what the market value of your own home is.

In this video, José Román, one of our real estate advisors, explains in detail the reasons for selling a home at the fair market price: