How can a buyer determine the value of a property when making a purchase?

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

For more information or to set up an appointment call Stuart at (703)765-0300.
Real Estate Buying Tips,

Stuart Nesbitt

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Stuart Nesbitt is a Realtor® licensed in the Commonwealth of Virginia. His office is located in Fairfax County near the City of Alexandria in Belle Haven. He was born and raised in Northern Virginia and attended Fairfax County schools. Call him at any time to discuss your real estate needs.