Often times people want to know specific things that can have an impact on the price they will be able to list and/or sell their home for. Below are the most impactful factors when pricing
Pricing Your Home to Sell
Dated: 07/15/2019
Views: 45
Often times people want to know specific things that can have an impact on the price they will be able to list and/or sell their home for. Below are the most impactful factors when pricing your home to sell.
LOCATION
Location is the most important factor in determining the value of your home as it is the one thing that a potential buyer cannot change. School district, neighborhood, and your lot are also other important factors to a potential buyer.
CONDITION
How well the property has been maintained can also affect the price that a potential buyer is willing to pay for your home. A buyer is willing to pay more for a home that will require less intense upfront maintenance.
COSMETICS
It is important to highlight any major cosmetic updates you have made to your home in the last 5 years. Buyers are always in search of updates and are willing to pay more for homes that have them.
COMPETITION
Buyers are going to be comparing your home to other properties that are available or currently pending. The will also use recently sold homes as a benchmark for what the current going rate is in the local market.
TIMING
Property values are affected by the current real estate market. It is important to know if the current market is a buyer’s market, seller’s market, or balanced market. A seller’s market would be when there is limited available inventory on the market. Additionally, timing is important in the appraisal process as appraisers will only look back six months to consider the value of your property.
Patti Jump
Licensed since 1993, I have experienced many successful years in real estate~starting with Residential Sales and now as the Sales Manager of the Anderson Office. Real Estate is my full time profess....
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in part from the Broker Reciprocity™ program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than Star One Anderson are marked with the MLS ™ logo (the small logo to the left) and detailed information about them includes the name of the listing brokers.
The information herein is furnished by the property owner in good faith but is subject to verification by the
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
