5 Key Factors to Prepare You for Market Competition

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An important thing to consider when selling a home is the competition that you will face in the market. Although there are many different considerations to take into account during this process, you can never underestimate the competition.

1. How updated is your home compared to others? Is your paint fresh and carpeting new and clean? How about your appliances? The more updated everything is, the better edge you will have against competing sellers.
2. You must also take into account the square footage of your home. Do you have a finished basement? If not, would you be willing to invest in one to sell it?
3. How is your curb appeal? Although this will differ from season to season, your home should look as inviting and welcoming as possible whenever you're attempting to sell it. That means plowing the driveway in the winter, raking leaves in the fall, and mowing the lawn in the summer.
4. Location is key, too. Are you near a school or a busy street? Is your home on a corner or in the middle of the block?
5. Is your home updated mechanically? Do you have a new roof or furnace? Different models will have different problems, so be sure to know the aspects of your home's hardware, as buyers will surely want to hear about it.

Buyers will be looking for these 5 features: updates, square footage, curb appeal, location, and general mechanics. These are five important aspects to consider about your competition. By sizing up your 'opponents', you can formulate a winning strategy that will bring potential buyers to your property.