Market Conditions that affect the sale of a property

There are many factors that affect the sale of the property, from as simple as the attractiveness of the copy writing of the ad to solicit interest, to figuring how when to place the ad, how to negotiate the sale or convince the other party that this is a good deal, are just parts of a juggernaut jigsaw puzzle, that has to come together nicely to see a smooth problem free property transaction. But for those of you that are familiar with Murphy’s Law that states – “what can go wrong will go wrong” sometimes does happen in real estate transactions, just basically because we are dealing with humans and we ain’t perfect.

What makes a house sell?

So how and what to do to raise the attractiveness of your property to prospective tenants or buyers isn’t all that complex as we sometimes make it sound, but it does involve quite a bit of an effort, coordination and of course time. But for seasoned professionals like us, it could be sometimes as simple as a phone call away.

A successful sale requires that you concentrate on six considerations:

  • your sale price,
  • your terms of sale,
  • the condition of your house,
  • its location,
  • its accessibility,
  • the extent of marketing exposure your house receives.

While some of these factors are beyond your control (such as the actual sale price), you can compensate by taking advantage of others (like a new paint job) to make your property as attractive to prospective buyers as possible.

Is there a best time  or bad time to sell property?

The “best” time to list your house is actually as soon as you decide to sell it.

If you want to get the best price for your house, the key is to give yourself as much time as possible to sell it. More time means more potential buyers will probably see the house. This should result in more offers; it also gives you time to consider more options if the market is slow or initial interest is low.

How long does it take to sell?

The average listing time is about 90 days, but this depends on the selling price, condition of the property, its location and the buyer exposure the property gets. Selling isn’t rocket science in any market condition if you had time on  your side. But we prefer to look at a 3 month timeline to work on any given property.

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