3 Factors that Will Influence the Selling Price of Your Property

There is no doubt that it is a “seller’s market” in real estate right now. Inventory is low, and prices are rising, giving you a great opportunity to maximize your home equity if you are thinking about selling. Are you ready to create a better life for your family? Then you need to talk to a real estate agent to learn more about the options that are available.

Maximizing your property value will ensure that you have plenty of equity to roll into the purchase of a new home. Many sellers ask about the factors that will influence their selling price. There are several things that you can do to boost your asking price and a few other things that are outside of your control:

Location, Location, Location!

Location has a big influence on the price of a home, and it is one factor that you can’t control because it is influenced by the schools and conveniences in the area. People want to move to a property where they have an easy commute, friendly neighbors, and great schools for their kids. There are a few other bonuses of a good location. For example, the right location will provide an excellent view.

Even though you can’t change the location of your home, you might consider highlighting local benefits in the listing. Share details about nearby grocery stores, schools, and other conveniences that buyers might be looking for.

Current Condition and Upgrades

In most cases, newer homes and renovated historic homes have a higher value compared to the properties that fall in the middle of these two categories. Homes often lose value as they get older. But, keeping up with maintenance and renovations can help to improve the value of the property.

Buyers want a home that is updated and ready for their family. They don’t want to go through the hassle of hiring contractors and waiting for the renovations to be completed! So, people will often pay more for a home that is move-in ready. You might be able to spend $5,000 on renovations and increase the asking price by $10,000.

Events in the Property

Was your home owned by a celebrity? Then it could boost the value of your property. On the other hand, negative events could decrease the value. For example, a fire, mold, or a violent crime could make it harder to sell. You might consider decreasing the price to compensate for these concerns.

If you want to learn more about the factors that will influence the price of your home, then it is important that you hire the best real estate team in the area: DUFFY Realty. We know the Atlanta real estate market, and we are here to help you get the best price for your property. Call us today to learn more about the services that are available: (678) 318-1700

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