The influence of external factors on property value. » Mortgage Masters Group

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4 external factors that impact on property sales – Buying, Advice – Economic factors. The state of the greater economy will directly impact the state of the housing sector. An increase in living costs will likely result in fewer consumers being able to show the necessary affordability levels to qualify for home loan finance.

Property is a multi-dimensional product and the number and nature of factors that influence its value are equally of different kinds [14,9]. Property and land values tend to increase in areas with expanding transportation networks, and increase less rapidly in areas without such improvements.

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Factors that influence a property's value | Private Property – Goslett says that the number one external factor that influences property worth in the eyes of a potential buyer is its location. "We have all heard the adage of location, location, location too many times, but it is an essential element, especially when it comes to the perceived value of a property," he says.

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Incoming wave of millennial homebuyers is a major opportunity for US housing market! Mortgage Masters Group Best Purchase Markets For millennial homebuyers: nar Study – The National Association of Realtors (NAR) has identified the top 10 purchase markets for millennial homebuyers, those 18-34 years of age.. The study, which said financial obstacles and lifestyle choices are delaying the journey to homeownership for many young adults, analyzed employment gains, population trends, income levels and housing conditions in the largest 100 metropolitan statistical.

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Sales of Existing U.S. Homes Fall as Affordability Drops – The median price of a house climbed 11.7 percent from 2012, pushing affordability to an almost five-year low, the group said. afford the median-priced house at current mortgage rates. Climbing.

How Your Neighbors Affect Your Property Value. According to the Appraisal Institute, a bad neighbor could potentially reduce your home’s value up to 10%. This sort of effect is referred to as external obsolescence; where external factors have an affect on your home’s value, instead of factors on your property that can cause a decrease.

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