Why Location is Important in Home Selling | Lynne Thompson

The Bottom Line on
Neighborhoods

The neighborhood plays a major role in how fast, and for how much, your home will sell.

Crime Rate figures into the desirability of a neighborhood.

The neighborhood's school district also can be a major deciding factor in the desirability of a home.

Did you know?

It may be better to have an average home in an attractive neighborhood than to have the best home in an average one.

Why Location is So Important in a Home Sale

When buyers look at your home, they also consider the neighborhood. It plays a big role in how fast your home will sell – and how much you'll get for it.

Selling a home located in a desirable neighborhood will net you a much higher price than selling one in a less-than-optimal one. If your home is located in a "hot" neighborhood, that may increase your chances for a sale.

A desirable neighborhood usually exhibits these characteristics:

High or increasing property values
Reasonable commute and close proximity to employers, schools, hospitals, shopping and public facilities, like parks and community centers.
Low crime rate.
Well-planned traffic infrastructure.
Well-maintained properties.
Higher percentage of owner-occupants.
Well-regarded school district

Be sure to maximize your home's curb appeal, and if your home is a bit better than other homes in the neighborhood, be prepared to compromise a bit on your asking price.

That's where we can help. Work with us to determine fair market value based on a Comparative Market Analysis of the homes in your neighborhood.