Certain Factors beyond a REALTORS control that IMPACT the
Current Value of Your Northwest Indiana Home include:
- Market Conditions.(Global, National and Local)Real Estate is a Local Business influenced by: the state of the Economy, Supply and Demand, Unemployment Rates, Interest Rates, Financing Availablility & Consumer Confidence to name a few.
- Comparable Sales. The Buyers lender will order an Independant Appraisal of your property which will include RECENT Comparable SOLD properties in your neighborhood. Purchase Contracts contain clause that calls for the home to appraise at or above the purchase price for loan approval.
- Property Features. Location, Location, Location plus the style of home and floor plan influence Buyers decision to write an offer or not. Buyers usually choose location first and then have specific style or feature requests(i.e. ranch with a fireplace).
- Your Motivation as a Seller. Pricing the property realistically according to comps, plus cooperation in making your home accessible for showings and keeping the property in a move-in condition are important to getting an offer. Seller incentives are common terms offered nowadays as well.
Read our past blog post about ->