Factors That Influence The Sale Of Your Boston Condo For Sale Boston Condos For Sale Ford Realty

Factors that influence the sale of your Boston condo for sale

How fast your Boston Seaport condo sells is largely up to you. Really, you may say? Absolutely! In my experience, there are three main factors that we can work together to affect that will definitely help your home sell your Boston condo for sale easier and quicker than other comparable Boston downtown condos on the market in your area. Here they are:

Local Market Conditions –

When deciding the best time and strategy to sell, one of the first factors to look at is your local market and what’s happening with the macro-economy such as jobs, incomes, and Boston condo prices. Other factors we consider include, how Boston condos are selling in your area including the ratio of sales price to list price. We also consider the absorption rate, which is the rate at which Boston condos sell in your area. When absorption rates are lower – measured in months – it tells us that homes are selling quicker and the inventory of available homes is low – which is a good time to sell.

It’s About Time –

Timing is also an important factor we like to plan in selling your Boston Seaport condo. Knowing the best time of year to sell as well as the anatomy of the sale will help you be more successful. In our area, the best time of year to put your home on the market is March to June, when over 50 percent of all Boston condo sales occur. In understanding timing and the anatomy of a home sale, remember that when you list your Boston Beacon Hill condo, buyer interest builds rapidly during the first two weeks, peaking at the two-week mark and tapering after that. So, if you can, capture those buyers in the first two weeks to give your home the greatest chance of selling at the best price.

Asking Price –

It cannot be understated how important the setting of the asking price is in the success and speed of your Boston Seaport condo sale. This is especially important these days when the huge majority of buyers do lots of their own initial home shopping online. In fact, sixty percent of buyers purchase their home at market value. It’s for this very reason that I have studied Pricing Strategies. In order to develop the best price, it’s important to take into account all the local market conditions as well as factors particular to your home, while understanding what current buyers are looking for or shying away from.

Conclusion

When you are ready to sell, be ready to discuss the above factors with your Realtor® – hopefully me! – so that you are both on the same page when it comes to how fast and for what price you must sell. Everyone’s situation is different–whether you have a purchase depending on your sale, have a new job to start, kids that need to be settled by the time school starts, or need to sell quickly for financial reasons. I always want to understand what’s happening in your particular situation that effects how quickly you want to sell and how we can use the above factors to our advantage.

As a note, in our particular market, we are smack-dab in the middle of the peak home-buying season and by all indications it’s going to be a robust year for sales. Our inventory is tight and sellers are often getting above asking price, so if you’re considering a sale, get in touch, lets talk it over.