Real Estate Glossary

What is Resale Value?

Resale value refers to the amount of money that a property is expected to fetch when it is sold on the market. This value can be affected by a variety of factors, such as the condition of the property, the location, and market conditions. The resale value is an important consideration for homeowners and investors, as it can affect their ability to sell the property at a profit or at least recoup their investment.