How do you find the best real estate value?

In the article, Rob Ackerley discusses how to find the best real estate value, emphasizing that value isn't solely about price. He illustrates this with two buyers, Alex and Sasha, who have different needs and preferences. Factors affecting a property's value include location, demographics, builder reputation, occupancy status, unit condition, building amenities, view, floor level, layout, and maintenance fees.

Ackerley highlights that two seemingly similar units can have vastly different prices due to factors like market timing, staging, and floor level. He lists ten key factors that influence condo value: location, demographics, builder reputation, tenant versus owner occupancy, unit condition, building amenities, view, floor level, layout, and maintenance fees. For instance, a unit in a high-demand area with good amenities and a reputable builder will likely cost more. Conversely, a less desirable view or higher maintenance fees can decrease a unit's value.

To determine real estate value, it's crucial to understand building and neighborhood trends, historical sales data, and area development. Consulting with a knowledgeable real estate professional can provide valuable insights and save time. Ackerley underscores that professional expertise can help buyers navigate the complexities of the real estate market and find the best value suited to their specific needs and budget.