SELLERS: Determining Value
Many Factors Affect the Value of Your Homes in Today’s Market…
LOCATION:
- Location is the single most important factor in determining the value of your home.
COMPETITION:
- Prospective buyers compare your property against competing properties.
- Buyers wil perceive value based upon properties that have sold or are available in the area.
TIMING:
- Property values are affected by the current real estate market.
- As the real estate market can not be manipulated, a flexible marketing plan should be developed which analyzes the current marketing conditions and individual features of the property.
CONDITION:
- The condition of the property affects the price and speed of the sale.
- As prospective buyers often make purchases based on emotion, first impressions are important.
- Optimizing the physical appearance of your home will maximize the buyer’s perception of value.
PRICE:
- Pricing your home properly from beginning is an important factor in determining the length of time it will take to sell your home.
- Reviewing this home marketing plan will assist you in determining the best possible asking price.
- The buyer looks for relative value, so the price of your home will determine whether the buyer buys your home or your neighbor’s home!
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June