Quality of neighborhood, ratings of public schools, comparable homes in the neighborhood, as well as a home's location with regards to busy streets and commercial areas all greatly affect its value to the prospective buyer as well as the lender. Pricing - A property which is properly priced when first listed for sale will attain the highest possible price in the shortest amount of time. Homes have more showings in the first two weeks listed than at any other time. If the price is too high, less agents will show the home, leading to a longer marketing time and a reduced amount of interest by prospective buyers.
Proper pricing is critical in today's competitive selling market.
A seller's assistance in financing can make the difference in some buyer's ability to purchase. The greater the amount of people who can qualify for your home, the sooner it can sell and at a higher price. Condition - Your home's condition can greatly contribute to it's market price. A well maintained and appealing home will attract more buyers and increase your selling advantage. Other Factors - Other factors contributing to value include supply and demand of the marketplace, square footage, architectural style, lot size, floor plan, quality of construction and additions, amenities, the owner's urgency to sell, and the length of time on the market.