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Know your local school’s quality when selling your home

| Feb 27, 2019 | Real Estate Transactions |

When you’re attempting to sell your home, one of the things that could help or hurt you is the local school system. If someone wants to move into the home and has no children, it may not affect their opinion much. However, if they plan to have children or have them already, the school system and specific schools near you could affect the sale.

When people buy homes, there are many factors that affect their decisions. They look at the home itself, taxes, neighborhoods and schools. They look at cost and proximity to amenities, too. The local school system, as you may suspect, can have a significant influence.

Good schools attract families. Ninety-one percent of 1,000 polled prospective home buyers in the 2013 survey stated that school boundaries were important to them. This comes down to more than just a dedication to education, though. The quality of the school may also dictate the quality of the surrounding neighborhood and nearness to local amenities.

One out of five people surveyed stated that they’d pay up to 10 percent over budget for the right school. If your home is in an area near a good school, that’s a bonus you should consider when selling your property. These people may also be more affluent since there is a link between affluence and being able to afford to move to quality school districts.

In any regard, knowing your school district is one thing that can help you sell your home to the right people and at the right price. This little tip can make a huge difference in the value of the home.

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