As the home seller, you hold the keys to three factors that will affect the sale of your home:
* The home's condition
* Asking price
* Marketing strategy
However, it's important to note that there are numerous other factors that influence a buyer, and you need to understand these consumer trends when you enter the sellers' market. The more your home matches these qualifications, the more competitive it will be in the marketplace. I can advise you on how to best position and market your Somerset, New Jersey home to overcome any perceived downsides.
Location - The most influential factor in determining your home's appeal to buyers is something you can't control: its location. According to the National Association of REALTORS(r), neighborhood quality is the No. 1 reason buyers choose certain homes. (Franklin Township was among CNN/Money's Best Places to Live in 2008 and 2010) - The second most influential factor is commute e times to work and school.
Size - While some buyers want to simplify their lives and downsize to a smaller home, home sizes in general have continued to increase over the decades, nearly doubling in size since the 1950s. Smaller homes typically appeal to first-time home buyers and "empty nesters," or couples whose children have grown up and moved out.
Amenities - Preferences in floor plans and amenities go in and out of fashion, and your real estate agent can inform you of the "hot ticket" items that are selling homes in your market. If your home lacks certain features, you can renovate to increase its appeal, but be forewarned: That's not always the right move. Using market conditions and activity in your neighborhood as a gauge, your agent can help you determine whether the investment is likely to help or hinder your profit margin and time on the market.
Somerset area buyers are looking for "hot ticket" items such as: hardwood floors, remodeled kitchens and baths in addition to energy efficient windows, heating and central air-conditioning.
What is my home worth? - Find out what your Somerset home is worth with a FREE custom evaluation including comparisons to other homes that have recently sold or are the market (CMA). You will receive the most accurate information available.To learn more and request your FREE evaluation, click here.