Your understanding of these three market factors will play a major role in your home sale success.
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You’ve decided to put your home on the market. Congratulations! As you strategize your sale, there are a few factors you’ll want to take into account. First, get to know your competition. You’ll need to understand how comparable properties in your neighborhood, area, or school district stack up against yours. Second, find out what inventory is doing. Are homes selling quickly? What is the average days on market? The answers to these questions are important to your home’s ability to sell quickly and for the highest possible price. Lastly, be sure to price your home according to how soon you need to move. If you need to sell in a hurry, price your home aggressively. If you have a little time to work with, your pricing strategy should be based on your desired timeline.
If you have any questions or you’d like to know what your home is worth in today’s market, please don’t hesitate to let me know. I’d be more than happy to help. As always, stay classy, Albuquerque!