Top 5 Things that Influence Your Home Sale
Curious what will impact the sale of your home? Some things are within your control, whereas, others are outside of your control.
Location – The most influential factor in determining your home’s appeal to buyers is something you can’t control: its location. According to the National Association of REALTORS(r), neighborhood quality is the No. 1 reason buyers choose certain homes. The second most influential factor is commute times to work and school.
Condition of the Home – One thing you can control is the condition of your home. Ensuring that the home is tidy, clean, and is free of any major required repairs is a great way to increase interest in your home.
Size – Home size in general have continued to increase over the decades. The size of your home is out of your control after you purchase it. Keep in mind that smaller homes typically appeal to first-time homebuyers, empty-nesters, or single people.
Asking Price – Although your agent will make a recommendation on an asking price, what you list your home for is completely within your control. Keep in mind that homes that are priced fairly according to market value will sell faster than homes that are overpriced for the market.
Amenities – Preferences in floor plans and amenities often fluctuate in fashion. Using your market condition and the activity in your neighborhood as a guide, your agent can help you determine whether an investment is likely to help or hinder your profit margin and the time on the market.
Need help? We’d love to talk to you. Connect with Atherton Real Estate Group today!