“My philosophy is that not only are you responsible for your life, but doing the best at this moment puts you in the best place for the next moment.”
~ Oprah Winfrey
REAL ESTATE NEWS
MICRO FACTORS OF REAL ESTATE PRICING
Real estate market prices are influenced by a set of forces. You can look at the factors that influence real estate values as two sets: the Micro Factors and the Macro Factors. Basically, the Micro are things more specific to your property, and Macro are the things that are more general to the market. To make an informed decision when selling or buying properties, it’s essential to understand both micro and macro factors that can affect real estate market pricing. Today, let’s look at the Micro forces, and next time we’ll address the larger Macro influences.
The market gives a lower value to any layout that limits the owner from fully utilizing space. A property that is square-floored can be more easily furnished and planned compared to those with round walls, strange shaped halls or rooms, or protruding corners.