Real Estate as a Commodity lists four considerations that determines the value of real estate. Think of a building, house or piece of land in your area that would be listed for a high price if it were to be sold. Using the considerations, give details as to why it is worth a lot. Then, think of a building, house or piece of land that would sell for a lot less. Explain why that is valued lower than other properties.

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Property with High Value Consideration 1 Location HighValue Property A luxurious penthouse located in the heart of a bustling downtown area with panoramic views of the city skyline and nearby amenitie... View the full answer