Is your home a 10?
Take a hard realistic look at your own home and sales strategy; score your own chances for getting your home sold.
Factors affecting sale price, time on market
For sellers: 10 =Quick sale near full price 5= Longer market time, Price Reductions 0 = No sale
List Price:
10% below market at Market price 5 % above market over10% above
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Motivation:
Behind in Payments Must leave area soon Will only sell if I get my price
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Property Condition:
Like new, immaculate Rough, needs repairs, paint, updating
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Showing condition:
clean, uncluttered Lots of clutter, off odors (pets, smoke)
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Location:
Very desireable area Bad neighborhood, surroundings
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Features:
Many desireable features Outdated, poor floor plan
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Competition:
None comparable at this price Many comparable at this price Many below this price
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Interest rates:
Low Moderate High, Unaffordable
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For Buyers:10 = “Gotta have it now”, will pay 0 = I’ll wait, offer much less or
Near or even above full price find another property
