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March 27, 2015

The Closer the Broker, the Quicker the Close

The Closer the Broker, the Quicker the Close
Homes Closer To Brokers’ Offices Sell Faster – WSJ

Proximity to your real-estate agent’s office can translate to a faster sale, a Journal of Housing Research study finds

Homes Closer To Brokers’ Offices Sell Faster – WSJ

It is well known that location is key to selling real estate. Ocean views, a good school district, access to transportation—each can boost a home’s marketability.

Now add to the list proximity to your agent’s office.

A recent study in the Journal of Housing Research from faculty at Longwood University in Farmville, Va., finds that for every mile between a property and its listing agent’s office, average time on the market goes up 0.36% and the overall likelihood of selling goes down 0.5%.

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