Using Neighbourhood Data to Help Sell Your Home
Your neighbourhood has a lot of unique features that can help sell your home. If a buyer is unfamiliar to the area, they might not notice these features just by driving around.
For example, say homes don’t go on the market very often in your neighbourhood, or even on your street. That’s an indication that the quality of life in the neighbourhood is so good that no one wants to leave! In real estate we measure the area’s “turnover rate”, and it’s handy data to have when listing your home. The lower the turnover rate, the more valuable your location is.
Demographic data can also be helpful when selling your property. If your neighbourhood has a lot of families, for example, that’s going to be appealing to buyers with kids. If the local crime rate is low, this is a huge plus.
Even local development plans can play a role in making your home more attractive to buyers. If there is going to be a future LRT stop close to your home, getting to work is going to be easier. That’s a big benefit to commuters and it adds value to your home! If there are plans for a new grocery store or a Costco in the works, this is going to attract people to the area. The area around the Edmonton International Airport, for example, is booming - more jobs and access to conveniences. This will likely draw buyers to the area looking for a new home in the future.
Other types of data that can help sell your home include:
• Planned local construction.
• Proposals for neighbourhood improvements. (For example, a new playground.)
• Rates at which local property values are increasing.
Any information that shows the advantages of living in your area is going to be useful when selling.
Buyers don't just buy the home, they buy the neighbourhood. These are the things we will discuss when listing your home. Call me anytime!