The Top 5 Features That Make A Home Sell Over Asking
According to real estate agents, these changes make the biggest impact on the bottom line.
You remember the first rule of real estate, right? Location, location, location. Well, that applies to what drives home sales, too. "Bidding wars are typically driven by high demand in a particular area and a low supply of homes," says Jen Patchen, a real estate agent with Opendoor. But that doesn't mean there aren't things you can do to ensure that your property—wherever it is—will net top dollar or even inspire a bidding war. Patchen points out that, "The features of the home are big drivers for multiple buyers to bid on the same property. That's why when you’re selling, you need to be thoughtful about what draws people into your home, from pricing the home correctly to recent upgrades and even staging, which results in a higher demand for the property."
In addition to Patchen, we chatted with real estate agents Denis Smykalov of Wolsen Real Estate, Casey Napolitano of NDA Real Estate, Sarah Stone of Douglas Elliman, and Kevin Garcia of WLM Realty to find out the five home features that are most likely to lead to your home selling for more than your asking price. Armed with that knowledge, you can make a few tweaks to your home, and take advantage of this seller's market.
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