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Factors affecting sale price, time on market

Factors affecting sale price, time on market

Here is an idea how you might rate the property you may be interested in buying or selling.

For sellers:

64 or above =Quick sale near full price 32 or less= Long market time,

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Many desireable features Outdated, poor floor plan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 or below this price

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Interest rates:

Low Moderate High, Unaffordable

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64 + Gotta Have it! 32 – No offers, many price

Quick sale at or near (or even reductions, long time on

Above) full asking price Market, low ball offers, no sale!

Price Reductions, No sale

For Buyers

 

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Posted by: John C 'Johnny' Jones on January 30, 2015
Posted in: Uncategorized