Ask Phyllis

February 8, 2008

Price or Location

Filed under: Uncategorized — pstaines @ 12:12 pm

While Realtors may debate what really matters most to homeowners when selling a home, The National Association of Realtors (NAR) research shows that the number one concern for all buyers (65 percent of all respondents) is “quality of the neighborhood.”  Coming in second (50 percent) was “convenience to work,”  while “overall affordability of homes,” “convenience to friends and family” and “quality of the school district” rounded out the top five. The quality of the neighborhood was most important to married couples (68 percent), whereas single males were not nearly as concerned (56 percent). However, if your home is overpriced, the above criteria may not matter in this market due to the amount of inventory. So if you are thinking of selling your home and are in a favorable neighborhood and school district, price it right.  You’ll be ahead the market before the sign even goes in the yard.

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