How do I determine the value of a property when making a choice of where to live?

Licensed real estate agents can provide you with a competitive market analysis, this is based on:

1. Comparable properties in the area
2. Adjustments for differences in size and condition of the property
3. Differences based on location or the sale/rental date of the property

While real estate prices are fluid and certainly open to negotiation there are very real trends that affect not only the housing market as a whole, but localized areas as well.  This can include everything from:

• New construction
• Zoning changes
• Condemned properties
• Traffic pattern changes

It is important to remember when assessing property that there are three factors that will most influence the price

1. Location
2. Value of improvements (the home or unit)
3. Uniqueness of property