Thinking about selling your home? Experts agree that the time to think about selling your home is the day you buy it. When you consider a home’s resale value right from the start, it will be easier to sell it when the time comes. There are many factors that can affect the market value of your property, and here are the top three factors that affect your home’s resale value:
1.) Location - Your home’s proximity to public transportation, shopping facilities, schools, hospitals and what kind of neighbors you are an important factor in determining your property’s market value. Although a high-end neighborhood could actually increase your home’s value over the years, every area still has a high end and a low end, and the market value of your property is affected by that reality.
2.) Features and Condition - One of the key factors in your home’s value is the features it provides and your home’s condition as well. The curb appeal, age and size of your home, compared to other available properties, also play an integral part in affecting your home’s value. A home that is in immaculate condition has a much higher potential for a top dollar sale than one that is lacking the most basic routine maintenance. Experienced buyers also look for important conditions like paints, floor covering, walls, ceilings, floors and repairs.
3.) Seller Motivation and Market Conditions - Seller motivation and market condition are a big factor too. Market trends, good or bad, can impact your home value and selling price. When the market is flooded with similar properties for sale, you can expect to sell your home for less due to the supply of homes and demand of potential buyers.
For all of your real estate needs, contact Cook Real Estate Services today at (678) 207-1505 or, you can e-mail us at info@CookRES.com. Whether you are buying or selling, one of our trusted professionals will be there to help you every step of the way.
Comments(1)