Property Value Assessment

Assessing the correct price for a property is the first step towards concluding a transaction for both buyer and seller. Some of the variables that go toward property price determination are as follows.

One of the prime considerations is the neighborhood. The prices at which comparable properties have been bought and sold in the recent past are a useful yardstick. A neighborhood which is conveniently located and where the streets and houses are well maintained, commands premium prices.

Schools in the area are another factor. A neighborhood with good, easily accessible schools, adds to the value.

Facilities such as shopping and leisure activities are important. Suitably located shopping centers and facilities for recreation and entertainment are a big plus point.

In this day of high crime, the crime rate of a locality plays a big role. A high crime rate is a deterrent which has a negative impact on property price in a neighborhood.

City planning or zoning which projects the future plans of the neighborhood has an important bearing. If better amenities are on the drawing board for the near future, then this reflects on enhanced property value.

The economic situation is a large determinant. In the current bleeding economy for example, property prices are depressed. However when the economy recovers it will reflect in rising property value.

Overall, it is difficult to put a price on a property without the necessary expertise. This is where the services of a good, experienced realtor become invaluable. Dale Warfel is a real estate agent in the San Jose area. He has been in the business long enough to have the answers to all the foregoing variables. Whether you are buying or selling, Dale Warfel will give you a free assessment of the price of a San Jose property.

Do visit his website at www.dalewarfel.com. It contains invaluable information for buyers and sellers. Dale Warfel can be contacted at 408.583.3681.