Key Market Factors
How long does it take to sell a home? There is no easy answer - some homes sell in a few days, others may take several months. Recognizing the key factors influencing marketing can give you significant control over the time it takes to sell your home.
The proper balance of these factors will expedite your sale:
Location is the single greatest factor affecting the value of your home. Neighborhood desirability is the key to a property's fair market value.
Buyers compare your property against competing properties. Buyers interpret value based on the available properties.
The real estate market may reflect a seller's market or a buyer's market. Market conditions cannot be manipulated; an individually tailored marketing plan must be developed accordingly.
Property condition affects price and speed of sale. Optimizing physical appearance and advance preparation maximize value.
The more terms available, the broader the market, the quicker the sale and the higher the price you'll receive. Terms structured to meet your objectives are important to successful marketing.
If your property is not properly priced, a sale may be delayed or even prevented. After reviewing your property with an experienced Exit Real Estate - Jones & Associates Agent and reviewing your market analysis, you can then determine the best possible price at which to sell your home.