Value Your Home
Here are the top 5 factors affecting the value of your house. Consider them carefully when coming up with an asking price.
1. Location – houses in nice neighborhoods on desirable lots near good schools and local amenities usually sell for more than similar houses elsewhere.
2. Condition – houses and yards that are well cared for, look good and have reliable electrical and mechanical systems usually sell faster and sell for top dollar.
3. Seller’s Time Frame – if you need to sell fast you may have to price your property lower to get a quick sale.
4. Market Timing – certain times of year, such as spring and summer, seem to appeal to potential buyers and may affect your asking price. General market conditions, such as the current “buyer’s market” also influence price.
5. Competition – buyers compare your property to other similar properties for sale in the local area. If you price your house higher than competing properties there should be a compelling reason (such as recent updates, etc.) for the higher price or buyers will quickly move on.
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