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Reasons Why Some Homes Sell Faster

By in Real Estate Tips with 0 Comments

House sold sign on sign board outside home

Beyond the obvious elements such as location and size, here are nine factors that can affect how quickly your home sells.

  1. CURB APPEAL – Realtors named appeal the NO. 1 factor affecting the amount of time a home is on the market. Zillow study.
  2. 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. survey.
  3. MOVE-IN CONDITION – Homes that can be marketed as move-in condition sell 12% faster. The Wall Street Journal.
  4. 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.
  5. STAGING – Staged homes spend 73% less time on the market than non-staged homes. The Real Estate Staging Association.
  6. VIRTUAL TOURS – Adding a virtual tour to marketing decreases sales time by 20% and increase price by 2%.   Paul Carrillo, George Washington University study.
  7. 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.
  8. 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.
  9. 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.

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About The Author
Luis Gomez

My name is Luis Gomez, Broker at LG Realty Group Inc. in Miami, Florida. LG Realty Group Inc. is a full-service, luxury real estate brokerage and lifestyle company in Miami, Florida representing clients worldwide in a broad spectrum of classes, including single-family residential, new development, residential leasing, commercial real estate and luxury vacation rental.

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