While many factors affect the market value of a property, certain key factors can have a major influence on the sale of a home. Let’s take a look at some of the most important: location, location, location. This old adage in real estate stresses the importance of where the property is located. Since the location is usually a key factor for buyer’s market conditions.
There are three types of real estate markets.
- Seller’s market
- Buyer’s market
- Stable market
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Generally, you’ll find that a stable market has an equal amount of buyers and sellers.
The condition of the home. Most buyers are not looking to buy a home that will require a lot of work due to deferred maintenance. Instead, they want a home they can move right into.
Price. Determining price is more than just picking a number. It involves careful analysis of the property and market conditions.
Remember, market value is determined by comparing properties that have sold and not determined by properties that are for sale.
Watch the video below:
One of the reasons to call the Agardi Team if you want to buy a home or have one to sell is:
Not only do we sell our clients’ homes for more money and faster than the average area agent, but your home is also more likely to sell. According to 2015 MLS statistics, only 71% of area homes sold during their listing term. Compare that to our 95% of homes listed that sold before the end of the listing term. YOUR HOME SOLD GUARANTEED OR WE’LL BUY IT*
To discuss the sale of your home, call The Agardi Team at 718-755-2882 and start packing!
*Agardi Team and the seller have to agree on the price and the closing date.