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Why would this home increase 15.9%?

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Most often when I see price increases like that it's because of a combination of factors including -a seller who bought low, last year was very slow and many buyers were able to do that;-updates or repairs made by a seller to enhance a properties value and appraisability, i.e new carpet paint and appliances can make a big difference, as can doing major or minor repairs;- location: in areas with a good jobs recovery, and low inventory, multiple offers are driving prices up quickly.Hope that helps, but recognize each situation is unique...CHEERS!Molly Thompson, Broker Associate, APRwww.MollyThompsonHomes.com

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