RE/MAX Real Estate Guide and FAQ - Questions and Answers for Real Estate Buyers
RE/MAX Valley Real Estate, Boardman, Ohio

Real Estate Guide

Buying Your Home

 

RE/MAX Valley Real Estate

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RE/MAX
Valley  Real Estate
1040 South Commons Place, #102
Boardman. Ohio
(330) 629-9200

 
RE/MAX Real Estate FAQ - Buying Your Home, Working With A Real Estate Agent

Buying Your Home - Questions and Answers
'Appraisals and Market Value'

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What is the return on new versus previously owned homes?
There is no single correct answer to this question, because in the end it depends on the needs and taste of the individual buyer. Generally speaking, however, new construction will be marked with higher sales cost (when we compare square footage) and initially at least, slower appreciation.

New home buyers would argue that the energy savings of new efficient mechanical systems, improved insulation methods, thermally efficient doors and windows coupled with near zero need for repairs in the short term, more than make up for higher initial cost and lackluster appreciation. Buyers of existing homes, on the other hand,  contend that they’re able to see the complete package, including landscaping, and the way their neighbors take care of their properties, not to mention the character and quality of craftsmanship that may have gone into their older home.

In the end, as we said, it’s a matter of preference. No single advantage or disadvantage out weighs another to give either the distinct edge. In the short term, however, new home buyers are often disappointed that they can’t sell their home for more appreciated value. They often lose sight of the fact they have had to spend very little in maintenance and upkeep, while the new owners of their now ‘used’ home will spend far more.

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What's a house worth?
For full discussion SeeYour Mortgage - Appraisals & Market Value
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What standards do appraisers use to estimate value?
For full discussion SeeYour Mortgage - Appraisals & Market Value

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Can I find out the value of a home through the Internet?
For full discussion SeeSelling Your Home - Appraisals & Market Value

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What is the difference between list price, sale price, assessed value, and appraised value?
For full discussion SeeSelling Your Home - Pricing Your Home To Sell
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How do you determine the value of a troubled property?
For full discussion SeeInvesting in Real Estate - Real Estate Value

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What is the difference between market value, appraised value, and assessed value?
For full discussion SeePricing Your Home To Sell

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Where do I get information on housing market stats and trends?
For full discussion See"Market Data For Investors"

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Will a neighbor problem reduce the value of my property?
See >> Real Estate Guide (Home Owners) -  Will a neighbor problem reduce the value of my property?

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