Are you gearing up to sell your home? Whether you're a seasoned seller or venturing into the real estate market for the first time, there are some surprising facts about selling a home that you might not be aware of. In this blog, we'll uncover five little-known insights that could change the way you approach selling your home.
Pets Can Impact Your Sale Price:
It's no secret that pets are beloved members of many families. However, did you know that having pets could affect the sale price of your home? According to a study by the National Association of Realtors, homes with pet-related odors typically sold for 5-10% less than odor-free homes. This surprising fact underscores the importance of addressing any pet-related issues, such as odors or damage, before listing your property.
The Color of Your Front Door Matters:
You might not give much thought to the color of your front door, but research suggests that it can make a significant difference in the perceived value of your home. According to a study by Zillow, homes with black or charcoal gray front doors sold for an average of $6,271 more than similar homes with white doors. This unexpected finding highlights the impact of small details on curb appeal and buyer perception.
Neighborhood Names Can Affect Listing Prices:
Did you know that the name of your neighborhood could influence how much your home sells for? Research conducted by Zillow found that homes located in neighborhoods with "royal" or "estate" in their name typically sold for 30% more than homes in neighborhoods without these terms. Conversely, homes in neighborhoods with "rock" or "lakeside" in their name sold for 8% less than comparable homes. While you may not be able to change your neighborhood's name, it's an interesting factor to consider when pricing your home.
Listing on a Thursday Can Lead to a Quicker Sale:
If you're looking to sell your home quickly, consider listing it on a Thursday. Data from Redfin revealed that homes listed on a Thursday typically sold faster and for slightly more money than homes listed on other days of the week. This surprising finding suggests that timing can play a significant role in the success of your home sale.
Certain Smells Can Help Sell Your Home:
When preparing your home for sale, you might be tempted to use strong air fresheners or scented candles to mask odors. However, some scents can actually help sell your home. Research has shown that the smell of freshly baked goods, such as cookies or bread, can create a welcoming atmosphere that appeals to buyers' emotions. Similarly, the scent of lavender or green tea has been associated with relaxation and may leave a positive impression on potential buyers.
In conclusion, selling a home is full of surprises, and understanding these little-known facts can give you a competitive edge in the market. From the impact of pets on sale prices to the influence of neighborhood names, these insights offer valuable insights into the dynamics of the real estate market. By staying informed and being proactive, you can navigate the selling process with confidence and achieve a successful outcome.
Colleen Steffl
Colleen started her sales career with an International News Agency in Europe selling Advertising. She has continued to rise early, dig deep, and built a solid sales career with 15 years dedicated to real estate sales. She has worked in all areas of real estate sales: buyers, sellers, investors, commercial, land development, and new construction.