Real Estate Elements of Value (DUST)

Regardless of its purpose, an item has some value if it satisfies four essential elements:
bench
Bench on the grounds of River Towers
  1. Demand: This means the desire to buy and an ability to pay.
  2. Utility: The item satisfies a human need or desire; such as shelter, income, or recreation.
  3. Scarcity: Limited in supply, as supply diminishes, value increases.
  4. Transferability: Able to transfer from one owner to another

In {Location_Name} who sets the price?

Agents at Nesbitt Realty understand that no matter what you've been told Realtors in {Location_Name} really have no control at all over the real estate market, only the plan behind marketing. Our Realtors never determine the asking price - the seller does. We can provide Realtor advice, but the seller makes the final decision. This not only applies to the list (asking) price, but it especially applies to the selling price. By the same token, we cannot control the offer price.  We can only present the offers that are actually made.  None-the-less, if the seller does things right and takes each step by step, together we’ll set a listing price in the right area and have no problems selling your property. [Learn more about selling your property]

Aubrey Nesbitt

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Aubrey Nesbitt is a native of Northern Virginia who attended Virginia Commonwealth University. He is a veteran of the US Army and helps his family business by providing informational articles like this one. In addition to photography and blogging, Aubrey provides administrative support for the office. Aubrey is a service-disabled retired veteran and a part of our family. We give him the opportunity to work at the office and on the web as part of his recovery. The opinions and statements presented by Aubrey are his own and we don't necessarily agree with them.