Four Features that determine highest price
– The value of a house not only
varies on the desirability of a city, but also what
neighborhood it is in, and what amenities are located nearby
(shopping, transportation, school, etc.).
– Upgrades and special features of a house add value as
well. Things like a pool, spa, bay window, view, bedrooms,
square footage, remodeling, etc. all affect the highest
– Overall condition has a great impact of what the
"perceived" value is. The better maintained a house
appears to be, the more confident a Buyer will feel offering
full value because it gives the impression that you have taken
very good care of not only things that are obvious, but also
things that are not.
– Is it a Buyer’s market
or Seller’s market? Depending which one of these is the
current market will determine what the highest possible price
for your house can be. Also, what cycle is the economy in?
Prosperity or recession?