Hey there thanks for joining me once again. I've been asked quite a few times lately by clients, "What determines my home's value?" So I thought I would take this opportunity to break it down for you. There are basically 4 factors that determine the value of your Cayman home:
Internal Factors: Things like the dating of the finishing, quality of the tiles and counter tops, as well as the state of appliances and furnishings are all important aspects of your home's value.
External Factors: These are things like curb appeal and landscaping that affect your home's outer appearance to buyers. Another important thing to note is that in Cayman, the elevation of the home and hurricane shutters are important external factors as well.
Supply and Demand: If there is a heavy supply, the value of your home will be lowered. Vice versa, if there is high demand with few options, your home's value will be higher.
Market Valuation: Most buyers require a valuation of their home for their bank's financing purposes. Your home's market value is determined by the comparative sales of other homes that are similar to or in the same area as your property. We encourage sellers to not only ask the agent for a CMA, but for a professional, independent appraisal as well.
There you have it, the four things that will affect the value of your home most in Cayman. As always, selling your home is going to, in main part, depend on your particular home, your timing and the current state of the market, so feel free to contact me if you have any questions.
Hey there thanks for joining me once again. I've been asked quite a few times lately by clients, "What determines my home's value?" So I thought I would take this opportunity to break it down for you. There are basically 4 factors that determine the value of your Cayman home: 
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