How long can it take to sell your property? Some properties sell in a few days, others may take a month or longer. By recognizing the factors that influence marketing a home, we can significantly control the time to market. These are the five main factors that can affect the sale of your home:
LOCATION
Location is the single greatest factor affecting value. A neighborhood’s desirability is basic to a property’s fair market value.
COMPETITION
Buyers will compare your property against others in the neighborhood and interpret value based on properties available on the market.
TIMING
The real estate market is either a “buyers” or “sellers” market. Market conditions cannot be manipulated. A personally tailored marketing plan is essential for each listing.
CONDITION
The condition of the property will impact both the price and speed of the sale. Optimizing the home’s appearance can make it more appealing to buyers.
PRICE
If the property is not properly priced, a sale could be delayed or even prevented. Reviewing the Comparative Marketing Analysis will assist in determing the best and most realistic price possible to get your home sold in a timely manner.
