I was talking to a home buyer the other day and he asked me a question that I thought would make a good post here. He asked me: "Why is one home in a neighborhood priced X and one 3 doors down priced Y?" So I answered with a firm "It depends." Sounds like a slippery slope, but the truth of the matter is there are many factors that influence the value of a home. If you look around the Sammamish area you can find homes of just about every age, size, and style. For starters, you should always compare apples to apples. It isn't always fair to assume that just because a home is on the same block that it's the same. Once you have established that the homes are identical,(perhaps a condo in the same condo complex) then it comes down to finishes, tile, hardwood, remodeled, etc.
There is much more that I could elaborate on but the final most important factor can be summed up in three words. That right: Location, location, location! If two homes are identical(can only be found in very rare instances) then one may have a prime lot or perhaps it backs to a dump. It comes back to that old adage; You can move the boy out of North Carolina, but you can't move the house. Ok that's not an old adage, I just made it up. But you get the point!
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