Three major factors that have a significant impact on the sale of your home

Three major factors that have a significant impact on the sale of your home

Please find below essential factors impacting the sale of your home, along with tips to assist in successfully getting your home SOLD!

 1.    Price

The most significant factor that impacts the sale of your home is the price. The most accurate way to determine the correct market value of your home is to research recent sales in your neighbourhood that are a similar layout and condition. 

Something very important to consider is that if buyers are viewing your home, they are likely viewing similar homes within a nearby vicinity. Therefore they will compare price, location and condition. In an effort to make your home stand out, pricing your home accurately will assist considerably, as the first thing a buyer will compare is the price.

 2.    Location

Location, location, location. These three repetitive words are broadly used in real estate. The neighborhood, peaceful and private street, proximity to schools and amenities are all significant factors.

3.    Condition of the home

 Lastly, the condition of the home significantly impacts the sale and marketability. Condition can refer to the structure and condition of the major features of the home such as roof, windows, furnace etc. However, it can also refer to the cosmetic condition of the home. Some buyers look for a home they can renovate to make their own. While other buyers are looking for a home that meets their needs and move in without any cosmetic work.  The majority of buyers in this market have a hard time looking past the condition of a home so some updating can assist considerably.

 Some updates are as simple as a fresh and vibrant coat  paint, updating hardware such as light fixtures etc. Another cost effective way to refresh the home is to remove and limit as many personal items as possible. This would include small items of furniture that are not being used (such as side tables), personal pictures of yourself, family etc, paintings and memorabilia, any small items on tables, counters, mantels, dressers etc.

Thank you for taking the time to review the major factors that impact the sale of your home.  Please fee free to let me know if you have any questions!

 Rema Miri

Century 21 First Canadian
420 York St, London On

Business: 519-673-3390
Email: Rema.Miri@Century21.ca

 

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