Why Some Homes Sell Faster than Others

Karin Carr, Owner
Published on October 4, 2022

You’re not the only one who searches for “how quickly will my home sell?” in your search engine. Most home sellers seek a speedy and easy sale of their property. Fortunately, the market right now is working in your favor; as of February 2022, 84% of recent listings had been on the market for less than a month, and homes had received more offers than they had at the same time last year. The state of your house, whether you want to sell to a direct buyer or work with an agency, and the local market conditions are all important factors.

Curb appeal

One of the most important aspects determining how long a home stays on the market is possibly curb appeal. More people will enter if it appears beautiful from the outside.

Ratings of local schools

We can point you in the direction of learning this knowledge for yourself, but we can’t tell you which district is better than another. Homes in desirable school districts frequently sell more quickly and for more money. Buyers stated in a study by Realtor.com that they would spend 6% to 10% more than their budget to live in the best school district.

Available for occupancy

Properties that are move-in ready have a 12% higher chance of selling more quickly than comparable homes that require some cosmetic improvement.

Why Some Homes Sell Faster than Others

Components of the design

Homes that are promoted with particular amenities can sell anywhere from 28 to days more quickly. These features include a farmhouse sink, subway tile, marble counters, a barn door, floating shelves, a crystal chandelier, uncovered brick, a frameless shower, stainless appliances, and a tankless water heater.

Correct pricing

Those that are priced just a little bit below market value have almost a fifty percent better chance of selling within the first sixty days than homes that are marketed at least twelve percent higher than market value.

Tours via virtual reality

When added to marketing, a virtual tour can cut down on sales time by up to twenty percent and may result in a two percent rise in pricing.

The best agent

Ninety percent of home sellers used a real estate agent to market and sell their property, according to recent data released by the National Association of Realtors® (NAR). There are many excellent reasons to work with an agency, so it’s understandable why.

First, real estate brokers are fully aware of the best ways to present and price a home or condo for a speedy sale in your neighborhood. They’ll be able to offer advice on how to improve your house, rank necessary repairs, prepare it for pictures and showings, and – most importantly — figure out how much to ask for it to achieve your selling objectives.

Second, agents are specialists at promoting homes, ensuring that prospective buyers see your listing. Your chances of selling your house quickly increase with the number of individuals who view it. According to Tracy Young, a real estate agent with 1st Choice Properties, “your home gets so much more exposure if you have it listed with a Realtor®.” Agents can share listings on social media and use social networking sites in addition to adding listings to the Multiple Listing Service (MLS) to reach their target buyers. The audience just grows exponentially more.

Bottomline

Selling a home or apartment can be difficult. However, working with a top agent and having your house well prepared can go a long way toward ensuring that it doesn’t remain on the market for too long. If you want to sell your house quickly and without having to make any repairs or stage it, contact us!

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