Houses can sell quickly or take a long time. Some factors that can affect the sale of a house are the price, condition, location and whether it’s been used as a rental property.

Having short sales and especially foreclosures on your street decreases the value of your home. Even if they are not direct comparables, as in same square footage and the number of bedrooms and baths, they are in your immediate neighborhood, so can make the entire area depreciate in value.