A proper balance of these key market factors will expedite 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 compare your property against others in that neighborhood, and interpret value based on properties available on the market.
- Timing: The real estate market may reflect a “buyers” or a “sellers” market. Market conditions cannot be manipulated; an individually tailored marketing plan of action must be developed for each property.
- Condition: The property condition will affect price and speed of sale. Optimizing physical appearance and advance preparation for marketing maximizes value.
- Terms: The more terms available, the larger the market, the quicker the sale and the higher the price.
- Price: If the real estate is not properly priced, a sale may be delayed or even prevented. Reviewing the Comparative Market Analysis (CMA) assists you in determining the best possible price. As your agent, I will prepare a customized CMA for you!