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Key Factors That Impact How Fast Your Home Sells

by Nicole Strom 11/30/2024

One of the most common questions I hear from homeowners is, “How long will it take to sell my home?” The truth is, several factors determine how quickly your home will sell. By understanding these factors, you can better position your home to attract the right buyer and achieve a successful, timely sale.


The Three Lenses Buyers Use to View Homes

When buyers evaluate a home, they typically look through three primary lenses:

  1. Price
  2. Condition
  3. Location

Here’s the reality: Buyers want all three—but they often compromise on one to secure the other two. For instance:

  • A buyer might pay more for a move-in-ready home in a top neighborhood.
  • Alternatively, they may accept a less desirable location, if the home is priced competitively and in excellent condition.

By identifying how your home aligns with these three factors, we can develop a tailored strategy to make it stand out in the market.


Key Factors That Impact How Fast Your Home Sells

1. Market Conditions

The current state of the real estate market plays a significant role:

  • Seller’s Market: High demand and low inventory mean homes sell quickly.
  • Buyer’s Market: When there’s more inventory than buyers, homes may take longer to sell.

I stay on top of local market trends to help you navigate these dynamics and position your home for success. I'll share and keep you updated on the median and average number of days it will take your home, in your zip code, within your market segment to sell. 


2. Pricing Strategy

Pricing is one of the most critical factors. A competitively priced home attracts more buyers, while an overpriced home may linger on the market. My list-to-sold ratio for this year is 107.48%, meaning my clients consistently sell above their asking price. Compare this to the MLS average of 98.78%, and you can see the value of a strategic pricing approach!


3. Condition of the Home

Buyers are drawn to homes that are well-maintained and move-in ready. Key considerations include:

  • Have necessary repairs been made?
  • Is the home staged to appeal to buyers?
  • Does it have strong curb appeal?

Small updates, like fresh paint, decluttering, and a deep clean, can have a huge impact on your home’s marketability—and ultimately, its time on the market.


4. Location, Location, Location

While location is something you can’t change, you can highlight the benefits your property does have. Proximity to schools, parks, shopping, or major highways can make your home more appealing. If location is a potential drawback, competitive pricing or emphasizing your home’s condition can offset it.


5. Marketing and Exposure

An effective marketing strategy ensures your home gets the visibility it deserves, this is where my marketing degree comes into play and benefits you. I use professional photography, videos, engaging descriptions, and targeted online and direct marketing campaigns to reach the widest pool of buyers. With a custom approach, I make sure your home’s best features are front and center.


How I Set You Up for Success

I’m proud to say my list-to-sold ratio speaks for itself. With a proven track record of selling homes above asking price and faster than the MLS average, I bring the expertise and customized strategy needed to sell your home quickly.


Tips to Speed Up the Process

Want to sell even faster? Here are a few tips:

  • Be flexible with showings: The easier it is for buyers to see your home, the quicker it may sell.
  • Consider pre-listing inspections: Addressing potential issues upfront can help avoid delays.
  • Adjust based on feedback: If the market isn’t responding, it may be time to adjust the price or presentation.

Let’s Sell Your Home Quickly and Above Market Expectations!

Every home is unique, and my tailored approach ensures your home gets the attention it deserves. If you’re ready to sell, let’s create a strategy that focuses on your needs.

šŸ“ž Call me today at 719-922-0102
šŸ“§ Email me at [email protected]
šŸŒ Visit my website at www.NicoleStromRealtor.com


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Let’s work together to make your home sale a success—and beat the market average! šŸ”āœØ

About the Author
Author

Nicole Strom

Nicole is a mom, grandma, a retired military spouse of over 25 years, as well as a full time Real Estate Professional serving her clients in and around Colorado Springs.Ā 

You need a REALTORĀ® with vast experience and knowledge of our specific market. You need a REALTORĀ® that genuinely cares about you and puts your needs first. You need a REALTORĀ® you can trust. Nicole is that REALTORĀ®.Ā