The Value of Functionality for a Buyer
By Lorraine Sayer, Realtor ABR,CDPE,GRI - Colorado Springs,CO RE/MAX
(Monument, Black Forest, Falcon, Fountain homes )
One of the most difficult concepts to place a dollar value on for buyers is that of functionality of a property. The typical market analysis provided by Realtors will contain recent historical data on sales of comparable properties taking into consideration the structure, location, upgrades, and area amenities. This can be analyzed as simply as price per square foot in an area or more detailed to include value of external factors such as mountain views here in Colorado. All in all it comes down to comparing like properties to determine the current fair market value range for a home. But what if a particular property has significant functionality value to the buyer? As a Realtor it's my goal to provide the most accurate information possible as a guide based upon hard data, but t...
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