How Days On Market Can Affect Your Home's Final Sale Price
How do days on the market affect the price your home will sell for?
When selling your home, one of the first things you'll want to know is how much it's likely to sell for.
Unfortunately, this can be tricky to predict, as many factors come into play - including the number of days your home spends on the market.
In this article, we will look at how days on the market can affect the final sale price of your home.
Generally speaking, the longer your home spends on the market, the lower the final sales price is likely to be. This is because buyers are often willing to pay more for a property they perceive as “high demand”.
If your home has been on the market for a while, buyers may think there is something wrong with it - or you're desperate to sell and will accept any offer.
Of course, there are exceptions to this rule. In some cases, properties increase in value the longer they spend on the market. This usually happens when a limited supply of similar properties is available, and buyers are willing to pay more to get their hands on one.
For example, if you're selling a condo in Topsail Beach during peak season, you may find that buyers are willing to pay more for your unit than they would have been a few months ago.
As you can see, it's essential to price your home right from the start to get the best possible sales price. On the other hand, if you over-price your home, it's likely to spend more time on the market. This could cost you time and money in the long run.
At Anchor Real Estate, our experienced agents can help you determine a fair and accurate list price for your home. Here’s how!
We use data from recent comparable sales in your area to develop a price range that reflects current market conditions. We'll also give you our honest opinion about where your home should be priced so that it sells for top dollar and sells in your time frame.
Our team of experienced real estate agents will guide you through every step of the process. They can guide you with pricing and staging your home, down to negotiating with buyers and getting top dollar for your property.
So there you have it - an overview of how days on the market can affect the final sales price of your home. If you're considering selling, it's important to price your property correctly from day one so that it doesn't spend too long on the market.
As always, if we can help you move in, move out, move up , or move on, let us know. Anchor Real Estate is here to help!