Edwardsville IL Homes for Sale and Real Estate : The "Big Six" Home Selling Factors

The "Big Six" Home Selling Factors

Sellers -- Here is a great explanation of the factors that go into selling your home from my blogging colleague Karen in Virginia.  Questions about selling your home in St. Louis' Illinois suburbs? Let's talk!




Although they can be stated in different ways there are only six factors that affect the sale of a home.

It is important for you, as the seller, to understand who or what has control over them and how they impact on each other.

  • You control 3 of the 6
  • The Market controls 2 of the 6
  • Your REALTOR® controls 1 of the 6




YOU Control

1. Price - You determine list price for your home. However, a list price above the market for homes similar to yours will impact negatively on buyer interest in making an offer. Your REALTOR® will review price history with you to assist you in making a list price determination.

2. Terms - Buyers have requirements just as sellers do. Your willingness to respect them and be willing to negotiate which terms will be acceptable to both parties can have a very positive impact. Price and Terms will usually be negotiated at the same time.

3. Condition - How well you have maintained the home will influence both your price and length of time to sell. The pool of buyers who are willing to make major repairs is much smaller than the pool of buyers who want a home that has been well maintained.

THE MARKET Controls

4. Timing - Economic conditions operate independently of price, terms and property condition. Similarly, seasons and weather factors can affect the time it takes to sell a home.

5. Competition - The number of homes on the market most certainly bears heavily on your ability to sell your home on a timely basis.

YOUR REALTOR® Controls

6. Promotion - From entry into the Multiple Listing System, to internet marketing and any other programs your agent will have an impact on your home sale.

CONCLUSION
No one of the six factors alone controls the timely sale of your home. Your agent should provide you with
  • Feedback from prospects who have visited your home
  • Changes in market conditions
Your willingness or ability to make adjustments in price, terms or condition based on the information provided will be the final determinant as to how quickly your home will sell.

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My Team has 35 years experience in Woodbridge, Dumfries, Manassas, Bristow, Gainesville, Haymarket Prince William County



”Experience Isn’t Expensive – It’s PRICELESS”
If you plan to buy or sell a Woodbridge or other Prince William County home or property contact Karen and Art by Email or call us at 703-690-6569. Put our record of customer service, real estate experience and state-of-the-art technology to work for you in Alexandria, Arlington County, Fairfax County, Prince William County, Stafford County or the entire Northern Virginia Area.

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Popular Prince William County subdivisions to consider are Eagles Pointe, Wellington, River Falls, Saratoga Hunt, Winding Creek, Lake Ridge, Westridge, Old Bridge Estates, Brittany, Montclair, Ashland, Port Potomac, Potomac Club, Rollingwood Village, Lake Terrapin, Lake Side and Meadowbrook Woods

 

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I help good people buy and sell good homes in St. Louis' Illinois suburbs, with special emphasis on the Metro East communities of Edwardsville, Glen Carbon, Maryville, Collinsville, Troy and surrounding areas in Madison County, Illinois.

Are you a teacher, firefighter, law enforcement officer, medical professional or active duty or retired military? Then ask me about Homes for Heroes, offering substantial savings on home purchases. Learn more at Homes For Heroes.

For more information or to search for homes, visit my sites at NancyMilton.com618Life.com, or GoshenRealtyGroup.com or send an email to me at Nancy@GoshenRealtyGroup.com. Text or call Nancy Milton Holtzscher, your Edwardsville Realtor, at 618-791-8007 any time.

REMAX Preferred Partners is located at One 157 Center, Edwardsville, IL 62025, 618-791-8007 (direct) 618-655-1188 (office). We're easy to find on IL-157 in Edwardsville between Pasta House Co. and Shenanigans. Each office is independently owned and operated.

Comment balloon 6 commentsNancy Milton Holtzscher • August 02 2011 11:57PM

Comments

Hi Karen

How true

And this never changes, no matter what market we are in

Thank

Phil

Posted by Phil Leng, Phil Leng - Retired (Retired) about 6 years ago

You know, this is a great post!  Good stuff, and great way to list this!

Posted by Chris Alston, Silicon Valley, California (Chris Alston (Keller Williams Realty, Cupertino California)) about 6 years ago

We see a lot of posts about this sort of thing but I have to say this is one of the best ever. Thanks for sharing.

Posted by Chuck Carstensen, Minnesota Real Estate Expert (RE/MAX Results) about 6 years ago

Nancy  Thank you for the reblog

Posted by Karen Kruschka, - "My Experience Isn't Expensive - It's PRICELESS" (RE/MAX Executives) about 6 years ago

Thanks for the great synopsis, Karen!

Hey, Phil, Chris and Chuck -- Thanks for stopping by for Karen's words. You might want to leave her a comment on her original post -- because it was just that good!

Posted by Nancy Milton Holtzscher, Edwardsville/Glen Carbon, Illinois Broker, REALTOR (RE/MAX Preferred Partners in St.Louis' Illinois suburbs) about 6 years ago

Nancy,

I read Karen's blog, but this one slipped by.

Thank you for reblogging,

Steve

Posted by Steve, Joel & Steve A. Chain (Chain Real Estate Investments & Mortgage, Steve & Joel Chain) about 6 years ago

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