If you need assistance, please call 864-616-2147

Specific Factors Influencing Home Sales

Tuesday, October 10, 2023   /   by Tim Elder

Specific Factors Influencing Home Sales

While the specific factors influencing home sales can vary based on location, market conditions, and individual preferences, several common factors play a significant role in determining a home's appeal and marketability. Here are some statistics and insights on what tends to sell a home:


Price:

Homes priced competitively tend to sell faster. According to the National Association of Realtors (NAR), overpricing a home can lead to extended time on the market.

Home Staging:

Staged homes often sell faster and at higher prices. The Real Estate Staging Association (RESA) reports that professionally staged homes spend 73% less time on the market.

Online Presence:

The majority of homebuyers begin their search online. According to the NAR, 93% of homebuyers use online websites as a primary source of information during their home search.

High-Quality Listing Photos:

Homes with high-quality photos receive more online views and showings. The NAR found that listings with professional photos sell for more money.

Condition of the Property:

Well-maintained and move-in-ready homes are more attractive to buyers. According to a survey by the NAR, 58% of buyers are willing to pay more for a home in excellent condition.

Home Features:

Desirable features such as updated kitchens and bathrooms, energy-efficient appliances, and open floor plans can positively impact a home's marketability. The NAR reports that these features are often significant considerations for buyers.

Home Size:

Homes with an appropriate size for the local market tend to attract more buyers. The NAR notes that the median square footage of homes purchased has been relatively consistent in recent years.

Neighborhood and Location:

Proximity to amenities, good school districts, and a safe neighborhood are crucial factors for many buyers. A survey by the NAR found that neighborhood quality was the most important factor for homebuyers.

Effective Marketing:

Homes with comprehensive and well-executed marketing strategies tend to sell faster. Utilizing a mix of online platforms, social media, and traditional marketing channels can broaden the reach to potential buyers.

Negotiation Skills:

The negotiation skills of the listing agent can impact the final selling price. A skilled negotiator can help secure favorable terms for the seller.

Seller's Motivation:

Buyers often sense the motivation of sellers. According to Zillow, sellers who are perceived as motivated may receive lower offers. Setting a reasonable asking price and presenting the home well signal commitment.


It's important to note that these statistics provide general trends, and individual experiences may vary. Local market conditions and buyer preferences can influence the importance of these factors. Working with a knowledgeable real estate professional can help sellers navigate the complexities of the market and optimize their home's selling potential.

Get My Home Value.png


  homeownership, home buyer, home seller, selling your house, sell for most money

The Tim Elder Team
Tim Elder
800 Regent Park Court
Greenville, SC 29607
864-616-2147
*Each office independently owned and operated

Data Source: The Greenville MLS of SC, Inc. Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
This information is deemed reliable, but not guaranteed. Neither, the Western Upstate Association of REALTORS®, Inc. or Western Upstate Multiple Listing Service of South Carolina, Inc., nor the listing broker, nor their agents or subagents are responsible for the accuracy of the information. The buyer is responsible for verifying all information. This information is provided by the Western Upstate Association of REALTORS®, Inc. and Western Upstate Multiple Listing Service of South Carolina, Inc. for use by its members and is not intended for the use for any other purpose. The data relating to real estate for sale on this Web site comes in part from the Broker Reciprocity Program of the Western Upstate Association of REALTORS®, Inc. and the Western Upstate Multiple Listing Service, Inc.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Spartanburg Association of REALTORS®. IDX information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable, but not guaranteed.
This site powered by CINC: www.cincpro.com