A pricing strategy used by short-term rental hosts to adjust their rates based on factors like location desirability, seasonality, local events, and competitor pricing within a specific geographical area.
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Glossary Term: Market Value
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The process of determining the market value of a vacation rental property, considering factors like location, size, and amenities.
Finding a balance between setting competitive rental rates that attract guests while also ensuring profitability for the host, considering factors like seasonality, demand, and competitor pricing.
The average or expected price range for a short-term rental property in a specific location and time period, based on factors like demand, seasonality, and property type.
The estimated worth of a short-term rental property based on factors such as location, size, condition, amenities, and rental income potential.
A report that analyzes rental rates for similar short-term rental properties in a specific location, helping hosts set competitive pricing.
The estimated market worth of a short-term rental property, influenced by factors like location, condition, amenities, and rental income potential.
Zillow’s estimated market value for a property, calculated using an algorithm that considers various factors. While not a perfect valuation tool, it can provide insights into a property’s potential rental income.
The process of determining the market value of a property for short-term rental purposes, considering factors such as location, amenities, rental demand, and comparable properties.
Zillow’s estimated market value of a property, often used as a reference point by hosts to assess their rental income potential.
The estimated market value of a short-term rental property as determined by a qualified appraiser, often used for financing, insurance, or investment purposes.