After reading this you may think they are.

Recently I was watching HGTV and I noticed something, a house that is dilapidated is often just as expensive as a new house. How much does the neighborhood affect the property value? A house in Hollywood for example may go for over a million dollars, yet if that same house was in Compton it would be devalued by about half.

How sad is that? and is the Real-Estate business scamming people? There are many factors that go into pricing a house, my dad bought several houses back in the 1980’s that have depreciated in value just because of their necessary maintenance.

Locale says a lot about a house, if there are parks,gardens, and other natural attractions surrounding the home, it may be more attractive to potential buyers. I do believe often times realtors may milk their buyers for what they can get as opposed to the actual value. Especially in today’s housing market, struggles make people do desperate things.

I believe a house’s value should be based upon its own credentials, if a house is ratty I am not going to be scammed into buying it for more than its value. The real estate market being in upheavel is no reason for realtors to rob and overcharge consumers. There is no justification for it, so when searching out your dream home, tread carefully.