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Negotiating inspection items
UNDERSTANDING THE SALE PRICE
There are several factors that aff ect the price sellers ask for their homes. Understanding these factors is important when trying to evaluate the asking price.
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Physical characteristics of the home:
Location, age, size of home and lot, physical condition and architectural style are all factors to consider.
Market condition and competition:
Inventory, days on market, interest rates, qualifi ed buyer demand, health of the economy and availability of fi nancing can all aff ect the strength of the market and home prices.
Other factors to consider are the time of the year, the sellers motivation and economic forecasts.
