5 Key Factors Affecting House Sales Price

ISLAMORADA, Fla. - Aug. 4, 2021 - PRLog -- Per Kim Bagnell Thaler, "Top Producing Real Estate agent for Sotheby's International in Islamorada Florida."
There are more than five important elements affecting a home's sales price. However, they have a minor impact on its sellability. These things that are outside the five main factors are a personal preference for a buyer and don't affect the actual market value. For instance, some buyers prefer a gated community, with or without an HOA. They value the security and privacy aspects, and these two elements can most definitely help sell a home, but won't affect its market value.
Although there are five key points that determine the asking or listing price, they need to be factored in to arrive at the right figure. If these five aren't done correctly, it's likely the home won't be priced for its true market value, and therefore, could sabotage potential sales.

1. Location. In real estate, location is everything. Regardless of the size or amenities of a property, if it's not in the right location, it simply will not bring the money it would otherwise be worth. Take an average three-bedroom, two-bath house, out of an ordinary neighborhood and place it on a beach or in the mountains. Instantly, its value skyrockets because of the highly desirable location.
2. Condition. Of course, the home's condition will have a lot to do with its value. If the property is in good condition, meaning that it is structurally sound and reasonably up to date, its value will be much higher than if there are potential safety or structural issues.
3. Amenities. Today's buyers really value some amenities over others. Though some amenities remain popular throughout the years, such as a swimming pool, others have gone out of fashion. Whole-house entertainment systems being among these.
4. Layout. Usually, the layout of the home won't necessarily affect its listing price. Although, it is quite possible that it can have an impact. For example, a house with an awkward or very unusual layout will probably present many challenges to sell, compared to other comparable listings.
5. Modernity. Homes that are up-to-date in function and stylistically will most definitely fetch a better price than properties that are showing their age and do not have the most modern conveniences.

Kim Bagnell Thaler is a pioneer among Florida Keys realtors. Regarded as one of the most influential realtors in the middle and upper keys, she provides expert and professional real estate service.
With her vast knowledge, 20 years of experience, and commitment to the highest
ethical standards, Kim remains a standout among other Florida Keys Real Estate  Agents. For help finding Florida Keys Real Estate, please see http://www.kimbagnell.com