Beyond the obvious elements such as location and size, here are nine factors that can affect how quickly your home sells.
- CURB APPEAL – Realtors named appeal the NO. 1 factor affecting the amount of time a home is on the market. Zillow study.
- LOCAL SCHOOL RATINGS – Homes linked to good schools sell faster and at a premium. In one study, one in five buyers said they’d pay 6% to 10% above their budget for the right school. Realtor.com survey.
- MOVE-IN CONDITION – Homes that can be marketed as move-in condition sell 12% faster. The Wall Street Journal.
- QUALITY PHOTOS – Homes that were marketed with professional photos sold faster in one study, and for $3,400 to $11,200 more than homes presented through amateur photos. Redfin study.
- STAGING – Staged homes spend 73% less time on the market than non-staged homes. The Real Estate Staging Association.
- VIRTUAL TOURS – Adding a virtual tour to marketing decreases sales time by 20% and increase price by 2%. Paul Carrillo, George Washington University study.
- DESIGN FEATURES – According to one study, homes marketed with the following features sell anywhere from 38 to 63 days faster: farmhouse sink, subway tile, quartz, barn door, shaker cabinets, pendant light, exposed brick, frameless shower, stainless steel, tankless water heater. Zillow Digs study.
- PROPER PRICING – Homes priced around or slightly below market value are almost 50% more likely to sell within 60 days that those priced 12% or more above market value. Zillow study.
- THE RIGHT AGENT – An experienced agent, who knows the market and has a network of potential buyers can help sell a tome 32% more quickly than an inexperienced agent. Study by Dr. Bennie D. Waller, Longwood University.
See the PDF infographic here.