Here's how key factors --- including size, kitchen appliances, architectural style, nearby schools -- could affect your house sale.
Selling a home can be a long process. But it doesn’t have to be.
According to Money, real estate experts at Realtor.com recently analyzed its home listings, tracking the data for the number of days each house was on the market and how many page views each house received. Realtor.com then compared that data with the houses’ features — like architectural style and home amenities — to help it determine which features are linked to quick sales.
So if you’re looking to sell your house and you need to do it quickly, these five home features often lead to faster “sold” signs in front yards:
- Affordable price point: This will likely come as no surprise to you, but according to Money, the higher your asking price, the longer it takes to find a buyer. “Houses listed between $200,000 and $250,000 sold in about 83 days, faster than those in any other price range,” Money said. “That’s compared to 133 days for homes priced between $2 million and $5 million.”
- Medium-sized homes are “just right” for buyers: Although Realtor.com says that big homes tend to get more views than smaller homes on its website, that doesn’t necessarily equate to a quick sale. “McMansions are expensive to heat, cool and maintain,” explains NewHomeSource. The houses that typically sell the quickest through the site are approximately 1,500 to 2,000 square feet, and priced at about $194,000.
- We love our stainless steel: According to Redfin, stainless steel appliances are a hot selling point. “While new appliance finishes like slate are starting to gain traction, stainless steel is still the gold standard for kitchens these days,” said Robyn Jackson, a Redfin real estate agent in Palm Beach, California.
- Unique architecture: If you are hoping to sell your Spanish-style home, you’re in luck. That architectural style is uncommon — making up just 1 percent of listings on Realtor.com — and Spanish-style homes tend to sell “incredibly quickly” because they’re often located in hot real estate markets like those in coastal California, according to Money. On the flip side, Victorian-style homes often spend a long time on the market, despite being priced much lower than their Spanish-style counterparts.
- Schools: If your “for sale” home is located near a good school, you may be in for a quick sale. Realtor.com found that homes near schools described as “best” or “top” got the most page views on its site and sold in 76 days on average. Homes located near a stadium also sold quickly (77 days).
Check out “11 Staging Tips to Help You Get Top Dollar When Selling Your Home.” You can get more tips here: “Home Selling 101: 17 Tips for Creating Maximum Curb Appeal.”
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