elling your home through Priority One Homes Team is Easy! Let’s start with the valuation process. Simply fill out the information to the right, and be sure to answer as many questions as possible and to the best of your knowledge. After we receive your request someone from our office will reach out to you. Read below for more details.
Get Real Property Values
Basic Valuation Concepts
he main consideration in appraising is to determine a property’s value: the present worth of future benefits arising from the ownership of real property. Unlike many consumer goods that are quickly used, the benefits of real property are generally realized over a long period of time. Therefore, an estimate of a property’s value must take into consideration economic and social trends, as well as governmental controls or regulations and environmental conditions that may influence the four elements of value:
- Demand – the desire or need for ownership supported by the financial means to satisfy the desire;
- Utility – the ability to satisfy future owners’ desires and needs;
- Scarcity – the finite supply of competing properties and
- Transferability – the ease with which ownership rights are transferred.
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