Top Ten Location, Financial and Amenity items that Influence the Price of a Condominium

The value price of real estate is ultimately determined by what particular buyer is willing to pay.

The list that follows are the top ten things that influence the decision making process of the buyer.

• Location, dominate view, and all the things that a property is near that the buyer consider valuable to them,
  Such as: Vacation destinations, Natural wonders: Beaches, Lakes, Mountains, Parks etc.
  Employment opportunities, Excellent schools, Shopping, Recreation, and Entertainment venues

• The price of similar size units in your building or complex.

• The market price of similar sized units the in adjacent neighborhoods

• The average price of real estate per foot for all properties in the nearby areas

• In a hot market biding wars can drive the price of a property above listing price

• Current market interest rates, the willingness of sellers to financing the purchase

• Total cost of ownership: Condo fees, insurance, taxes, utilities, parking and service fees

• Pending special assessments, amount of capital reserves in the communities accounts

• Privileges assigned to a unit such as: Parking, storage, dock usage, Pool side or Beach cabanas, etc.

• Types of amenities offered by the condominium complex and the proximity of the unit to those amenities;
  availably and types of valet service, security features, number of elevators, restaurants on the premises, exercise facilities,
  Pools, and any variety of recreational or social activities.