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How House prices work🏡🏡

House prices work based on comparable value. This means when it is time to sell your house the main factor will be the value of houses around your house and the historic prices houses have sold for around your house.

Imagine you have just bought a new build at a 30% premium. If you decided to sell it in 3 years you will most likely make a loss as the historic house prices in the local area from older buildings will have sold for much less.

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How House prices work🏡🏡
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