Sellers need to consider the price of homes and factors that affect them when planning to sell a property. Buyers should be aware of what contributes to a home price as well.

Each of the following will have an affect on price:

  • Location. The exact same home in the same condition may have a different priced based on its location. This is true whether you’re comparing homes in Baltimore and Boston or just from one neighborhood to the next;
  • Condition. A home that is well-maintained will sell for a higher price than homes that are in a state of disrepair;
  • Market Conditions. Unfortunately, when the market has slowed, properties - even when well-maintained and in a great location - will sell for a lower price.

Of course, there is another contributing factor as well: incentives that the seller offers. If the property is near a marina, offering a slip as an incentive may help your home to sell for a higher price.

Flat Fee Realty
Learn more about the price of a home.
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