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.