Do Some Of The Attributes Of Your Home Disqualify Some Buyers?


Do Some Of The Attributes Of Your Home Disqualify Some Buyers?
By Scott Rogers • October 19, 2021
There are plenty of ways in which attributes of your home may cause some buyers to not even consider it. When you are analyzing the market value of your home, it is important to understand whether a few, many, or most buyers will be disqualified based on those attributes of your home. Some examples... If you don't have a main level bedroom/bathroom suite, it is reasonable to assume that most retirees won't consider your home. If you don't have much of a backyard, it is reasonable to assume that most families with young kids probably won't consider your home. If you live well out in the County -- 20 to 30 minutes from where most buyers might work -- it is reasonable to assume that some buyers won't consider your home based on its location. If your home needs lots of repairs and cosmetic updates, it is reasonable to assume that buyers who aren't very handy with home repairs probably won't consider your home. If you have an extremely steep driveway or a driveway on a very busy road, it is reasonable to assume that some buyers will not have interest based on these attributes. We'll spend much of our time focusing on the positive attributes of your home and how they will appeal to buyers -- but we can't ignore the attributes of your house that will cause some buyers to disqualify themselves from considering your home. If a combination of the disqualifying attributes of your home cause only 10% of buyers in your price range to consider buying your home -- then we need to account for that in our pricing strategy. Your home likely won't sell for as much as we might have hoped, given that we will effectively be appealing to a much narrower segment of buyers. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
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