The MorgenStreet Journal

One of the first questions people ask when thinking about buying or selling a property is simple: What is my home actually worth? And right behind it comes another question: What are properties selling for in my area right now?

A well-founded property valuation looks beyond location, condition, and comparable listings. Depending on the asset, the development plan can be crucial when assessing expansion potential, restrictions, zoning character, preservation rules, or possible changes in the immediate surroundings.