Beyond the obvious elements such as location, size and condition, here are nine factors that can affect how quickly your home sells, courtesy of Florida Realtors.
1. Curb Appeal
This shouldn’t come as any surprise as much like it’s said that we eat with our eyes first, we shop similarly for houses. In fact, Realtors® named curb appeal the No. 1 factor affecting the amount of time a home is on the market.
– Zillow
2. Local School Ratings
Homes zoned for good schools sell faster and at a premium. In one study, one in five buyers said they’d pay 6-10 percent above their budget for the right school. No tuition and a great education are huge draws.
– Realtor.com
3. Move-In Condition
Homes that can be marketed as move-in condition sell 12 percent faster. Because think about it: Most people would rather not delay moving in because they have renovations to do.
– Wall Street Journal
4. Quality Photos
Similar to No. 1 above, homes that were marketed with professional photos sold faster in one study, and for $3,400 to $11,200 more than homes presented through amateur photos.
– Redfin
5. Staging
Yet again, the adage about eating with our eyes first applies here, too. Often, buyers need to be able to envision a house as a home before seeing themselves in it. As such, staged homes spend 73 percent less time on the market than unstaged homes.
– Real Estate Staging Association
6. Virtual Tours
Adding a virtual tour to marketing decreases sales time by 20 percent and increases the price by 2 percent because much like good photos, a virtual tour sets the hook a little deeper, luring interested buyers in further.
– George Washington University study
7. Design Features
According to one study, homes marketed with the following features sell anywhere from 38 to 63 days faster: farmhouse sink, subway tile, quartz, barn door, shaker cabinets, pendant light, exposed brick, frameless shower, stainless steel, tankless water heater. We can all thank Chip and Joanna Gaines for most of these!
– Zillow
8. Proper Pricing
Homes priced around or slightly below market value are almost 50 percent more likely to sell within 60 days than those priced 12 percent or more above market value. Bottom line: Basic economics states that something is only worth what someone will pay and if you’re overpriced, most experienced buyers won’t buy.
– Zillow
9. The Right Agent
An experienced agent – who knows the market and has a network of potential buyers – can help sell a home 32 percent more quickly than an inexperienced agent. And boy, do we have the experienced agents with deep connections benches to get the job done for our clients!
– Longwood University study
Because at DeLeon Sheffield Company, ‘We’re More Than Realty; We’re Family.’
IMAGE/INFOGRAPHIC TO INCLUDE: https://www.floridarealtors.org/FLRealtorMagazine/upload/ShareThis_Oct.pdf
