Key Market Factors Help Determine Property Value

Help determine how long it will take to sell your home. The proper balance of these factors will expedite your sale.

Location

  • Location is the single greatest factor affecting value.
  • Neighborhood desirability is basic to a property's fair market value.

Competition

  • Buyers compare your property to competing properties.
  • Buyers interpret value based on available properties.

Timing

  • The real estate market may reflect a sellers' market or a buyers' market.
  • Market conditions cannot be manipulated; an individually tailored marketing plan must be developed accordingly.

Condition

  • Property condition affects price and speed of the sale.
  • Optimizing physical appearance and advance preparation for marketing maximizes value.

Terms

  • The more terms available, the broader the market, the quicker the sale and the higher the price.
  • Terms structured to meet your objectives are important to successful marketing.

Price

  • If the property is not properly priced, a sale may be delayed or even prevented.
  • Reviewing Solaris Realty Associates Comparative Market Analysis will assist you in determining the best possible price.