The three factors that matter most. Rick Singh, the elected property appraiser for Orange County, Florida, says the price of a home hinges on three factors: location, product and timing. Product and location are intertwined, meaning “the right home in the right neighborhood,” Singh says. Timing, though, can be tricky,
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These factors can influence why some neighborhoods command steep prices, and others that are a few miles away don’t. In addition, a location’s proximity to highways, utility lines, and public transit can all impact a home’s overall value.
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The Main Factors That Affect the Price of a Home. Are you planning or buying or selling a home in Auburn or buying or selling a home in Opelika? If so, check out some of the main factors that affect the home price. Luckily for sellers the median home prices have risen on a year-over-year basis.
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There are lots of factors that can influence the sale price of a home. One of the most important things to understand when selling a home is that determining exactly what the sale price will be is nearly impossible. Knowing what factors influence the sale price of a home can go a long way in estimating what the final sale price will be.
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Rick Singh, the elected property appraiser for Orange County, Florida, says the price of a home hinges on three factors: location, product and timing. Product and location are intertwined, meaning "the right home in the right neighborhood," Singh says. Timing, though, can be tricky, especially when it comes to selling your home.