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Welcome to our discussion of 
HOME VALUES, bruner realtors,800 yes judy, realtors, find home, house, real estate, Houston, home, real estate, house, land, memorial, homes, Compaq, houses, aerospace, agency, agent, airline, airplane, airport, american, amoco, anheuser busch, arco, Microsoft, bell, better homes and gardens, bfi, bp, braswell, british petroleum, century 21, chemical, coldwell banker, continental, compaq, computer, conoco, delta, duffy & laroe, era, exxon, finance, fluor daniels, gary greene, GAS, henry miller, home, homes, hospital, househunters, houston, houston, houstonhomes, johnson, loan, lockheed martin, mcdonnell douglas, medical, microsystem, mortgage, nabisco, nasa, oil, OIL, prudential, real estate, realtor, relo, relocation, remax, rockwell, sandy reed, shell, southwest, tenneco, texaco, texas, texas commerce, transco, travel, twa
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dial: 713-YES-1000

 Location, Location, Location, determine home values, bruner realtors, 713 YES 1000, 800 YES JUDY, Houston, homes, new homes, houses,Houston, home, real estate, house, land, aerospace, agent, airline, airport, amoco, bfi, bp, british petroleum, chemical, continental, compaq, computer, microsoft, conoco, delta, exxon, finance, fluor daniels, GAS, home, hospital, medical, houston, houstonhomes, mcdonnell douglas, microsystem, nasa, oil, real estate, realtor, relo, relocation, rockwell, shell, southwest, tenneco, texaco, texas, transco

 How are home values really determined? 

Ultimately values are determined by Buyers and Sellers. Appraisers reflect the history of values in an area reflecting values of "what an informed Buyer has been willing to pay for a home  and what a Seller has been willing to accept." Realizing that replacement costs of a house are consistent to an area, appraisers separate land and house values. Therefore, the two variables in a house are replacement costs and location of land.  In simple terms a house go up in value as replacement costs increases and demand for location increases. 

Demand for location is like waves in a pond.  As one travels away from economic impact demand declines. Three elements have the greatest impact on land values "Location, Location, and Location." Better described as Employment, Shopping, and Schools. Travel time, as reflected in Transportation speed, to all three accelerate home values.  

 For more information on the theory of real estate values, call Michael Bruner at 713-YES-1000 or 800-YES-JUDY or e-mail at:  michael@bruner-realtors.com.

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