fbpx
Home » Sellers » Key Market Factors

Key Market Factors

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.
In light of the evolving COVID-19 pandemic, we are taking extra precautions to ensure the safety of our team, our clients, and our community. We have the ability to do most of our transactions remotely, harnessing various methods of technology including creative virtual home tours! Your needs are as important to us as ever and you can rest assured we will continue to serve you to the best of our ability.
X