Lonnie wanted to sell his house but didn't know what price to ask. He should consider all of the following except

Question

Quizplus · Accepted Answer

While knowing the original cost of the house may be interesting information, it is not relevant to determining the current market value of the property. The other factors listed (current mortgage rates, demand in the housing market, recent selling prices of comparable homes in the area, and the appraised value of the home) are all important considerations in setting an asking price.

Lonnie Wanted to Sell His House but Didn't Know What