What are the Most Important Factors in the Value of a Home?Location, location, location!!! When agents or appraisers look into your home, one of the things they look at is comparables. Comparables are other houses in the same area that have been bought recently and the price that was paid for them. This is one of the things that is used to base the cost of the house you are trying to buy. A house in a ritzy neighborhood may cost $500,000, yet in a middle class neighborhood be only $150,000. Why is this? You pay for where you live, and you live in the neighborhood as well as the house. Good neighborhoods cost more, but may also increase in value more...
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