Key Market Factors

HOW LONG DOES IT TAKE TO SELL A HOME?

When marketing any type of real estate, you only have one chance to make the right first impression. Your initial market price is critical to creating an effective strategy and will set the tone for how the marketplace will judge your property. A home that is priced correctly will attract more potential buyers, minimizing the length of time it remains on the market.

Key market factors that will affect your final price and time on market:

CONDITION:

The general upkeep and presentation of your home is critical to obtaining the highest value for your home. Nature of roof, plumbing, carpets and paint all relate to condition.

LOCATION:

The better the location, the higher the acceptable price. School districts, high or low traffic, views, accessibility all need to be considered in determining the value of your home’s location.

MARKET:

Recession, inflation, interest rates, competition and the public’s overall perception of the economy all determine whether it is a Buyer’s or Seller’s Market.

Pricing directly impacts how many buyers will consider your property. It is critical to be positioned correctly when you first come on the market.

Pricing Guidelines

What Other Agents Are Afraid To Tell You

y What you paid for your home does not affect its value today.

y The amount of money that you need to get out of the sale does not affect its value.

y An appraisal does not always indicate what your property is worth on the open market.

y A Zestimate is not an appraisal or professional estimate of your home’s value. It’s an auto-generated figure created by mathematical algorithms and is often inaccurate.

Did you know that the former Zillow CEO sold his own home for 40 percent less than the Zestimate?