Shopping for, marketing, and viewing real estate has now moved online where data is king. And this means that a quick listing description that includes square footage, number of bedrooms and bathrooms, and vague words like “charming” and “cozy” will simply no longer cut it. You’ve got to market online today, and that means using data. So here’s a quick introduction on how to use data in West valley city to sell your house quickly.
Data for Pricing
One of the most important things about selling your house is getting the right price. And, really, you just need to use data to sell your house in West valley city for the right price. You just need to know what similar, comparable homes have been and are selling for in your neighborhood and area.
A home equipped with the same number of beds and baths and approximate square feet is a house comparable to your own or a’ comp.’ Note extras such as a pool or an updated kitchen that could make the comp more or less valuable. Then use to get as many data points as you can and calculate your estimate of home value.
Hot Markets for More Traffic and Better Prices
Another way to quickly use data in West valley city to sell your house is to use that data to determine when and where markets are hot. If you can determine the best selling time in your area, more and higher offers are likely to be available. For example, you can analyze MLS data to determine your neighborhood, area, and city’s best month(s) to sell. Local markets vary widely, so sales data need to be carefully analyzed.
Appreciation Value
Home buyers almost always want to know that they make a good investment, that over time the home will increase in value. So it’s a good idea to mine the data so you can secure the appreciation potential of your home to potential buyers. If you use data to quickly sell your house in West valley city, most of your competitors will be a step ahead. You can provide statistical evidence to buyers that buying your home is going to be a sound investment, an asset to any buyer.
The Largest Demographic for More Bids
To get more bids, you can also use data to target the largest demographic purchase. The National Association of Realtors compiles data for home buying market segments, and this data can be used to properly design your listing. For example, some areas have a higher millennial population, while others have a predominance of retired people. The purpose, then, is to use this data to sell your house in West valley city by writing a blurb listing that will appeal to the area’s largest demographic–which may mean more bids and a higher selling price.
Data for the Best Agent
Perhaps the best way to use data is to select your agent. How fast you sell your house and how much depends on your Agent’s ability and experience. For example, your agent has several valuable roles as your partner, marketer, consultant, and negotiator. So be sure of transaction data from the research agent to find out how quickly they close sales, how many they close, and the difference between the price of sale and the price of asking.
There are all kinds of ways to use data to sell your house quickly in West valley city, but pulling sales figures and performance statistics on the agent you’re considering is one you’ll definitely want to take advantage of. Selling a house is a financial transaction that is completely too large to leave any of it to chance. But where do you start looking in your area for qualified agents? That’s where we can assist. We have the experience and know-how you need!