12 Factors Affecting Your House Sale Price

There are lots of important decisions to make when it comes to putting your home on the market for sale. The decisions range from which agent to select, how to market your home for sale, what price to ask, how to best present your home to attract and impress potential buyers, and the list goes on. The decisions you make will influence how quickly your home sells and for what price.

Unfortunately too many home sellers are under the impression that the market alone will decide the final outcome. However, there is more to it than that.

Here are 12 factors that could potentially affect the price you get for your home:

1. The state of the local real estate market.
2. The situation with the national or state economy with regards consumer confidence.
3. Current mortgage interest rates and lender borrowing criteria.
4. Recent comparable sales in the vicinity of the home for sale.
5. The ability of the real estate agent you employ.
6. The effectiveness of the marketing used.
7. The buyers level of motivation to buy your property.
8. The asking price and your level of motivation to sell.
9. The condition of the property and how well it meets the buyers needs and wants.
10. The location, views etc.
11. Whether or not there are multiple buyers lining up to buy the home for sale.
12. Your personal negotiating skills.

By studying the list above you'll see that some factors (like the state of the economy) will be out of your control. However, there are ways to react to situations to ensure you achieve the best result in the circumstances. Looking above you will also see there are several factors that are totally within your control and could clearly influence the final outcome.

At the end of the day every home will sell at a price. You just need to decide if you want to maximize the price you achieve or minimize it. What you do, or don't do, will have a big influence so there is no point in putting all the blame on the agent when things go pear-shaped.

There are lots of decisions to make even before you list with an agent or sell for sale by owner. Think carefully about whether you should improve the condition of the home, or whether it may be more cost-effective and easier to simply sell for a lower price. It really comes down to maximizing your profit rather than just focusing on the highest price.

With that said, you might end up achieving a high price in a short time on the market, or your home could sit there for months (or years) waiting for a buyer who is prepared to pay an unrealistically high price. So, correct pricing in relation to all of the above factors will determine how quickly your house sells and how much you walk away with. The decision is yours!

Noel recommends 173 For Sale By Owner tips and the home sales advice given free at the site.