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TOP 5 FACTORS THAT AFFECT PROPERTY VALUES

There are top 5 factors that affect property values. We have shared some valuable points. Read and check out this infographic for more detailed information. Visit our website:-https://bedrosteam.com/

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TOP 5 FACTORS THAT AFFECT PROPERTY VALUES

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  1. TOP 5 FACTORS THAT TOP 5 FACTORS THAT AFFECT PROPERTY VALUES AFFECT PROPERTY VALUES Competition Between Areas Thesellingpriceisoneofthemost acceptablemeasuresofyourhome's worth. SimilarhomesforsaleinWest Knoxville, TNinyourneighborhood, recentlysoldforasimilarprice. LOCATION Becauseappraisersassesswhichvalueto assignbasedonhomelocation, the locationofyourcurrenthomemaybe greatforyou, suchasbeingclosetowork oryourparents' home. AGE AND CONDITION Thecostofanewhomeisusuallyhigher. The factthatessentialhomecomponentslike plumbing, electricity, theroof, andappliances aremaintainedandhencelesspronetofail cansavemoneyforthebuyer. LOCAL MARKET Evenifyourpropertyisinabetter locationandhasmoreupgrades, the quantityofotherhousesforsalein Farragutareaandthenumberof individualsbuyinginthemarketmight haveanimpactonitsworth. ECONOMIC PERFORMANCE Aperson'scapacitytobuyorsellahome isofteninfluencedbythestateofthe economy. Asaresult, thehousingmarket maysufferdifficultiesintimesofslowing economicgrowth. BEDROS BOZDOGAN KELLER WILLIAMS REALTY 1111 NORTHSHORE DR, N-600 KNOXVILLE, TN 37919 865-694-5904 HTTPS://BEDROSTEAM.COM/

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