The Sellability score is a metric or rating that assesses how attractive a property is to potential buyers. This score assesses the likelihood of how quickly a property can sell once it hits the market. It considers various factors that can influence a property’s marketability like the listing price and quality of photos.
Think of the Sellability Score as your listing’s report card. A higher sellability score typically indicates that a property is more appealing to buyers and buyer agents-it may attract offers and sell fast. A lower score essentially means that you may face some challenges while selling the property.
A seller can sell almost any home if they do these 4 things right:
Price the home competitively: If you over-priced your home, your listing will likely spend more days on market and get stale. You’ll be forced to reduce the listing price so that the home sells. If you underprice, you’ll likely get multiple offers, and your home will still sell for its market value. Pricing is key! Estimate your home’s worth before you list it on the market.
List your home on the MLS: The MLS is the most powerful tool in real estate. Homes listed on MLS sell for 17.5% more than homes that aren’t on the MLS. It will allow you to market your home to local buyer agents and investors. When you list on Houzeo, the property listing is also syndicated on hundreds of real estate sites like Zillow, Redfin, Trulia, Homes.com, Realtor.com, etc.
Take high quality photos: On Houzeo, Zillow, and other platforms, you’re competing for clicks. Listings with high dynamic range (HDR) photos sell 50% faster and increase online views by 118%! Views translate into clicks! More clicks can result in more showings, higher foot traffic, and likely more offers for your property!
Be Responsive to buyers and buyer agents: Communication is key when you’re selling a property. You need to make yourself available so that buyers and agents can reach you, ask questions, request showings, and submit offers!
📝 How does the listing agent rate your listing and what do the stars mean?