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Reasons why some homes sell faster

1/2/2017

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Blog: Reasons why homes some homes sell faster than others
Beyond the obvious elements such as location and size, here are eight factors that can affect how quickly your home sells (courtesy of Florida Realtor Association).

​1. Curb Appeal: Realtors® named curb appeal the No.1 factor affecting the amount of time a home is on the market. (zillow study)
2. Local School Ratings: Homes linked to good schools sell faster and at a premium. In one study, one in five buyers said they paid 6% to 10% above their budget for the right school. (Realtor.com study)
3. Move-In Condition: Homes that can be marketed as move-in condition sell 12% faster. (Wall Street Journal)
4. Quality Photos: Homes that were marketed with professional photos sold faster in one study, and for $3,400 to $11,200 more than homes presented through amateur photos. (Redfin Study)
5. Staging: Staged homes spend 73% less time on the market than non-staged homes. (The Real Estate Staging Association)
6. Virtual Tours: Adding a virtual tour to marketing decreases sales time by 20% and increases price by 2%. (Paul Carrillo, George Washington University study)
7. Design Features: According to one study, homes marketing with the following features sell anywhere from 38 to 63 days faster: Farmhouse sink, subway tile, quartz, barn door, shaker cabinets, pendant light, exposed brick, frameless shower, stainless steel, tankless water heater. (Zillow Digs study)
8. Proper Pricing: Homes priced around or slightly below market value are almost 50% more likely to sell within 60 days than those prices 12% or more above market. (Zillow study)
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