Posted by Rema Miri on January 29, 2014
3 Major Factors that Impact the Sale of Your Home
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 have 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. 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.
Location, location, location. These three repetitive words are broadly used in real estate. The neighbourhood, a peaceful and private street, and a home's proximity to schools and amenities are all significant factors.
3. The condition of the home
Lastly, the condition of the home significantly impacts its sale and marketability. Condition can refer to the structure and maintenance of the major features of the home such as the 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 look for a home that meets their needs and that they could move into without any cosmetic work. The majority of buyers have a hard time looking past the condition of a home, so some updating can assist your sale considerably.
Updates can be as simple as a fresh, vibrant coat of paint or renewing hardware, such as light fixtures. Another cost effective way to refresh a home is to remove and limit as many personal items as possible. This includes small items of furniture that are not being used (such as side tables), personal pictures (of yourself and your family), paintings and memorabilia, and any small items on tables, counters, mantels, and dressers.