How long does it take to sell a property? Some properties sell in a few days; others may take several months. Recognizing some key factors that influence marketing a home, you can get significant control over market time.
The proper balance of these factors will expedite your sale:
- LOCATION
Location is the single greatest factor affecting value. A neighborhoods desirability is basic to a properties fair market value. - COMPETITION
Buyers compare your property against others in that neighborhood. Buyers interpret value based on available properties on the market. - TIMING
The real estate market may reflect a “buyers” or “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. Terms structured to meet your objectives are important to successful marketing. - PRICE
If the property is not properly priced, a sale may be delayed or even prevented. Reviewing the Comparative Market Analysis assists you in determining the best possible price.