Which of the following factors is most likely to increase a property’s marketability?

The factor that is most likely to increase a property’s marketability is effective marketing strategies. This is because effective marketing can enhance visibility, attract potential buyers, and differentiate a property in a competitive market. It involves using various techniques such as online listings, open houses, virtual tours, and engaging descriptions to showcase the property’s features, benefits, and neighborhood advantages. These strategies can significantly enhance buyer interest and engagement, leading to a quicker sale at a potentially higher price.

In contrast, high property taxes can deter potential buyers who may view them as a financial burden, effectively lowering demand. Inflation of property values may stimulate interest temporarily, but it can also lead to affordability issues, potentially pushing buyers away. Overbuilding in an area can saturate the market, leading to increased competition among properties, which may depress prices and decrease marketability. Overall, while various factors influence marketability, effective marketing strategies are crucial in actively promoting a property and attracting buyers.