Regional composite price for all Seattle zip codes
If you’re interested in buying a Seattle home there are a few things you should be aware of regarding its value. If you’re not planning on staying in the home and intend on selling it soon, these things will influence the price value of your home. They are the most important things to keep in mind when you are looking around Seattle for the perfect home. You may want to reevaluate your definition of a perfect home to include something that will increase in price during the years so that you can make top dollar on it in the future.
1. The size of your lot
In most cases the size of your lot will be a big determining factor when appraising the value of your home. Look for a house that includes a large-size lot that is in good condition. Keep in mind, however, that if the lot has a huge slope to it might turn off potential homebuyers in the future.
2. The square footage
Many people think that the basement is included in the square footage listing of the home. This is not, however, true. Square footage only includes the area that rests above the level of the ground. If you have a two-story home, both the main floor and the second floor will count in the equation. Square footage is one of the most important determining factors for the value of the house. When buying a Seattle home, you’ll want to keep this in mind.
Just because you see a beautiful house in one area of Seattle does not mean that it will increase in value the same as a similar house in another area. There are neighborhoods in town that are a very hot commodity when it comes to Seattle real estate and houses in these area tend to sell very quickly. Other areas don’t have the greatest reputation and a house can sit on the market for months when it is located there, even though it may be a very beautiful home. When buying a home in Seattle consult with your real estate broker first to find out the prime Seattle locations for a home purchase.
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