Answer:
The characteristics of immobility, utility, and demand
The characteristics of nonhomogeneous T, situs, and indestructibility
The characteristics of demand, scar city and situs .
The characteristics of transfer ability, utility, and demand.
Explanation:
The following factors can have effect on the value of a property
1. Location
2. Supply and demand
3. Interest rate
4. Economic outlook
5. Population
6. Size and facilities
7. Investment potential
8. Energy efficiency.
The property the buyer paid for is located in an exclusive part of the town and in this part of the town, few homes are available there. This means the area is a good location and the demand for homes there is very high. The value and economic characteristics of the real estate is high in that part.
