Real Estate markets change constantly, so pricing a house is not an exact science. Instead, it is a reasonable figure derived from a number of different factors.

What factors influence its value?

  • Comparable recent “Solds” in your area
  • Location: good or bad
  • Status of the current real estate market
  • Hard facts such as lot size, house square footage, condition
  • Property attributes, house characteristics
  • Is it a buyer's or a seller's market at that moment?
  • Time of the year
  • Your motivation
What factors do not influence its value?
  • What you paid for it
  • Any upgrades you've done
  • The profit you wish to make
  • What your friends think it's worth
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