calculators. Potential buyers will check the price, use the loan calculator, and consider whether the offer is feasible. #5. HOUSING MARKET Your home is subject to housing market prices. There’s both supply and demand, and your supply (your home) will sell only if there’s demand for it. The market can change anytime. It’s influenced by several factors, such as: • The national economy: If people are concerned about the future, they don’t spend money and the real estate prices drop lower and lower. • The local economy: If your location is in a good economic season, and it has some important universities, consistent job opportunities, good schools in multiple places, and a sound infrastructure, then it’s a perfect opportunity for a higher selling price. If the market is offering plenty of homes, it means the buyers have more choices, and yours must appear to be a higher-quality property, at a better price. In that case, it’s difficult to sell for a good price in a short time—especially if you do it by yourself.
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