Understanding Your Buyer
The home selling experience can be a stressful one; however, I have plenty of tips to help keep you calm during the process! One of the important things to do before selling your home is understanding your buyer. Here are some helpful tips to keep your home competitive in the real estate market.
As the seller, you can control 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. Your real estate agent can advise you on how to best position and market your home to overcome any perceived downsides.
Location
Unfortunately, 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. The second most influential factor is commute 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.
* 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. Your real estate agent can advise you on how to best position and market your home to overcome any perceived downsides.
Location
Unfortunately, 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. The second most influential factor is commute 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.
Hope this helps!
I have more tips on our website batonrougerealestatedeals.com. Contact us about selling your property so we can help you best market your home!
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Louisiana Homes and Land Team
Cindy Allen Fekete, Licensed in the State of Louisiana, USA #SALE 9956330
LouisianaHomesAndLand.com (225) 571-8667
Kyle Petersen, Licensed in the State of Louisiana, USA #SALE 17648
LouisianaHomesAndLand.com (225) 413-1650
Evan Fekete, Licensed in the State of Louisiana, USA # SALE 99562001
LouisianaHomesAndLand.com (225)-717-8185
Kim Tregre, Licensed in the State of Louisiana, USA #Sale-995686296
Buyer’s Specialist LouisianaHomesAndLand.com (225)366-8656
Holly Bynum – Administrative Assistant Louisiana Homes and Land (225)768-1840
Keller Williams Realty Red Stick Partners, Baton Rouge, LA 70810, USA (225)768-1800
Each Office Independently Owned and Operated.
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