Before putting your property on the market, one of the first things that you have to do is to determine the value of your Candlewood Lake home.
Your home’s value is what a ready buyer is willing to pay for your property. It is not based on what you initially paid for the house or how much you’ve spent to improve the property.
There are many factors that can affect your home’s market value.
Location
The neighborhood is one of the biggest influencers of a home’s value. A great home in a poor location can blow a significant amount off a property’s worth.
Is your home in proximity to public transportation, shopping facilities, and quality local school? Homes that are close to shopping locations, and ones with easy access to major highways, tend to sell for more than ones far away from everything.
Features
Another key factor that affects the value of your Candlewood Lake home is the feature it provides. Today, more buyers prefer homes that offer spacious, flowing floor plans and high ceilings.
The age and size of your home as compared to other nearby properties also play a part in determining your home’s worth.
Condition
Buyers will also consider the condition of your home when deciding if they want to purchase it and how much they will pay for it.
If your Candlewood Lake home is in excellent condition, it has a much higher potential for top dollar than one that is obviously in need of basic routine maintenance.
Expect that buyers will check paints, floor covering, walls, ceilings, floors, doors, and windows. They will also be inspecting plumbing, electrical work, repairs, bathrooms, and kitchen.
Market Conditions
When the market is full of similar properties for sale and buyers are few, you can expect to sell your home for less than you would if there were fewer homes for sale and lots of eager potential buyers.
Upgrades
Some home improvements can increase the value of your home. To make the most of your remodeling budget, focus on features that most home buyers really want to see.
Seller Motivation
Seller motivation is another factor that affects the offer price made by the buyer. The most common motivated seller is someone who has already bought his or her next home or is relocating to a new area.
If you have already bought a home in a new area you may be willing to accept a lower price to quickly complete the sale your current house and avoid the prospect of making two mortgage payments at the same time.
Marketing Strategies
The marketing plan of your real estate agent will determine the amount of interest that your property will generate. In addition, your agent’s level of skill and expertise in the negotiating process will also affect the amount of money you’ll be able to get for your home.
It is important to choose the best real estate professional who will market your most valuable asset.
Are you ready to sell your home?
I can help you get the most accurate value of your home. I’m a real estate professional with years of experience under my belt.
Call me, Deborah Laemmerhirt, anytime at 203-994-4297.
