When selling a property, it pays to know some of the factors that affect the time it will stay on the market. Some of these factors cannot be changed but property sellers can still do something about many small details. They include;
The single most crucial factor affecting North Hills real estate sales is the price. If a seller asks for a price that is too high, the property may stay in the market for a very long time. Generally, where the supply of any commodity is higher than its demand, the price will be low and vice versa. However in property markets, the supply is relatively fixed at any time as it takes more time to develop more properties. Therefore prices are in most cases affected by demand rather than supply.
Properties in locations offering breathtaking views of plains, oceans, lakes, cities etc will always attract more buyers than those in other locations. Properties in areas considered popular or prime will also sell faster than those in less desirable locations.
There has been a general notion that location is the major influence of demand and value of any property. Prices for a similar type of property in different areas can vary widely because those areas have less demand.
Properties that have easy access to transportation like good roads or buslines are likely to sell faster. Accessibility to other facilities like good schools, hospitals, shopping malls, or police stations also attracts prospective seekers of North Hills homes for sale.
Age and good condition
It is widely accepted that the age of a property can affect its demand. For instance, properties with historical connections sell faster despite their conditions. In fact, uneven walls and floors which would otherwise turn buyers away from new properties can be viewed as charming.
However, it is important that before any property is offered for sale, it should be in a proper condition if it has too attract buyers faster.
In the property market, size matters. A North Hills real estate agent will tell you that the bigger the property the higher its demand. This is because most people want an ample play ground for the kids and maybe a gardening area. Extensions that have been done and maintained well can also increase the demand for a home or property and make it sell faster.