To determine the value of a property: Compare Similar Properties: Look at recent sales of similar properties in the area. Consider Location: Location greatly influences value. Assess Property Condition: Evaluate the age, maintenance, and upgrades. Review Market Trends: Understand current market conditions and trends. Get a Professional Appraisal: Hire a licensed appraiser for an expert valuation. Consult Real Estate Agents: Agents can provide comparative market analyses based on their local knowledge.