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Ways to predict how fast your home will sell

Categories: Home Owner Tips, New Homes in Fuquay-Varina | Posted: January 30, 2020

 

Whether you have been in the market to buy a home or sell a home, location has always been the number one thing that most real estate agents press hard on for what makes a home sell fast. However, there are other common factors that can tell you how fast your home might sell if you are in the process of putting it on the market this year. Mattamy Homes, a premier homebuilder for new homes in Raleigh, shares a rundown on how fast you might expect your home to sell in 2020.

While the housing market has been on the upswing over the past several years, it doesn’t mean that you can list your home for way over market value and still expect it to sell. Pricing your home just 12 percent over what it is valued at or what other homes in your neighborhood of similar specs are selling for, are about half as likely to sell in the same 60-day period as a home that is priced at the target listing for the area and what it is worth. So, your house may sit on the market (which doesn’t look good to buyers) if you get too aggressive in your listing price over the comps in your area.

Next, when it comes to listing your home online for buyers to see be sure and list enough photos but not too many. The best range of photos to showcase of your home is anywhere from 16 to 21 photos. It is better to error on the side of too many than too little. If you have fewer photos than what is recommended, your home is projected to sit on the market for more than 60 days as well. If you want to gain interest in your home, consider having professional photos taken of your home or have an interior designer come out and stage your home before you take photos. The better your home shows in photos, the more buyers you will have at your door wanting to look inside.

If you have a smaller home, the market might be in your favor to sell fast. Homes under 1,100 square feet nationally, sell the fastest in all markets. Homes in this size typically sell nine percent faster than homes of a larger size over the same 60-day window. There are two markets across the U.S. where this doesn’t hold true- which are San Francisco and Indianapolis. Smaller homes in these markets sit longer than their larger counterparts.

Lastly, get the word out on your home as much as possible and the likelihood of you selling it will be far faster than just relying on your realtor to do all the work. List your home on places like Zillow or Trulia if it isn’t already, and share on social media as well. You never know who might be in the market for a new home and would have never stumbled across your home without you doing some of your own advertising! You can ask friends and family to share as well, to expand your audience. Buyers often feel comfortable knowing who is selling the home if they are in the market, opposed to buying from a stranger if the opportunity presents itself.

 

 

 

Mattamy Homes is a new home builder in Raleigh, North Carolina. For additional information about Royal Oaks building your Raleigh new home, please call (888) 677-1502.

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