Real Estate Blog

Are you looking to sell your home quickly? One of the most important factors in achieving a fast sale is setting the right price. We’ll discuss some tips and strategies for pricing your home to sell quickly.

 

There are several factors that can affect how quickly your home sells. Some of these factors include:

 

  • Market conditions: The average sale time in your area, local housing supply and demand, and seasonality can all affect how fast your home will sell.
  • Neighborhood desirability: If your home is close to local attractions or is in a great family neighborhood, it will have more appeal than a similar house that’s near a busy freeway or in a less sought after part of town.
  • Availability of financing: If financing is hard to obtain, there will be fewer buyers on the market and houses will move at a slower rate. If rates are great, more buyers will be competing for properties and homes will sell faster.
  • Property condition: A new, modern or well-kept home will often sell faster than an older property that needs a lot of TLC. In addition to considering the overall state of the home, it’s also important to consider the newness of major appliances, flooring and hardware fixtures.
  • Home value: If there’s a mismatch between the list price and the appraiser’s value during escrow, it can slow down the sale – increasing the length of time your home is on the market.
  • Market inventory: When there are tons of housing options available to choose from, it can take longer to sell. When inventory is tight, it can create competition amongst buyers, making it more likely for homes to move quickly.

By understanding these factors and taking them into account when selling your home, you can increase your chances of achieving a fast sale.

 

If your home isn’t selling, there are several steps you can take to increase your chances of achieving a sale:

 

  • Make improvements: Consider spending some time and money doing improvements that help showcase your home’s best features. Address any visible cosmetic repairs that need to be made, improve curb appeal, and get feedback from buyers and agents to address any negatives they noticed.
  • Strengthen the listing: Make sure your home stands out by replacing non-professional photos with high-resolution real estate photography, adding a video walkthrough or 3D tour, and updating your listing description to highlight your home’s best features.
  • Improve your marketing reach: Make sure your home is being advertised on sites like Zillow and promote your listing on personal social networks and local neighborhood pages.
  • Cut your price: If your home is overpriced or not being seen by buyers in nearby price ranges, consider reducing the price.

By taking these steps, you can increase the chances of achieving a successful sale.