While you might think buyers pick homes by how well the home is staged or the quality of the additions you’ve just made, this isn’t actually the case. While these things will go a long way towards getting a buyer interested in your home, they aren’t the main factors. The main factors that draw buyers to a home are price, location, and condition.

Price

Choosing the right listing price for your home can be tricky, you’ll need to know if your neighborhood is in your in a buyers or seller’s market. A buyer’s market is distinguished by the large inventories of six or more month’s worth of supply. Fewer buyers are making offers and any offers that are being made are low and the buyers will usually ask for more concessions from the sellers. In a seller’s market there is a low supply of six or less months. Buyer traffic gets heavier and sellers are more likely to get multiple offers and close closer to the full price.

Buyer’s agents, buyers and bankers all have access to the same market information that you and your agent have. If your price your home too high potential buyers who would be interested in your home won’t see it at all and if they do end up seeing it it’s unlikely they’ll get their loans approved.

Location

While you can’t do much about the location of your home, you can make sure your home looks its best inside and out. Spruce up your landscaping and put up fencing to block out any unpleasant views that might diminish the value of your home and remember to drop the price for any problems that can’t be solved.

If your home is in a good location, try not to overprice your home. People will expect to pay more for a great location near shopping, restaurants, schools and transportation but if you overprice you’ll drive some buyers away.

Condition

Putting your home onto the market in the best possible condition will help your agent place your home onto the market in the best possible light. While the pet peeves of individual buyers are easy to fix, having your home in good condition as it comes onto the market will keep it in the minds of any potential buyers who come to see it. You wouldn’t want to lose buyer interest because you didn’t mow the lawn or repaint a wall.

Keep in mind that today’s buyers are usually more skeptical about buying a home so problems like outdated wallpaper, creaky steps and dripping faucets will just give buyers an excuse to skip over your home.

Its understandable to be sentimental about a home you’ve lived in for years, but to the buyers your home is something they are looking to buy, like you they just want a good deal on a home they love.

You’ll find out what agents and buyers think of your home pretty quickly. If you get an offer quickly, you know you’ve priced your home right for the location and condition of your home, but if you don’t get an offer within the normal time range for your area, there’s probably something wrong. Take a close look at the condition and price and see if you can adjust them to make your home a little more desirable.

If you’re ready to sell your home contact The Sandi Pressley Team today.

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Sandi's Hot Home Listing

6905 Tesoro Place6905 Tesoro Place, Albuquerque

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