Sticker Shock: Factors That Go Into A Home’s Selling Price
Home buying is more of a strategic move (literally and figuratively) than you might think. When buying a home, you must make sure you are asking the right questions to determine the best fit for you. Some of the most overlooked questions, noted by writer Thomas Hill of GoBankingRates.com, could put you in a purchasing bind.
Buyers should also be clear about what they’re looking for in a home and community. Inquire about the neighborhood’s crime rate and whether certain inspections, like mold and radon, have been conducted. Ask about local schools and proximity to things like grocers and a town center. These factors can influence the value of your home.
Every year, Americans spend, on average, about $110 billion buying homes. By asking the right questions, you are able to shop wisely for your next home and determine the factors that go into the sticker price you’re expected to pay. Here are a few factors that can determine the price of your next home.