Does the volume of contents affect the selling value of a site?

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Some people just build sites to resell at a profit. One of the things that such people look to get is much contents on such sites.

Does the volume of contents on a site determine the selling value of a site that is for sale? If it does, how is it valued?
 
Yes i believe it does have an effect when it comes to selling the site. The amount of traffic these contents can bring also determines the sales as well.
 
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