Sure, it’s a sellers’ market and homes in good condition in popular areas are selling right after being listed. How fast? About 60% of home sellers accepted an offer on their home within two weeks of listing. Or 14 days.
Homes are selling for more than the sellers listed them for – the nationwide average is 100.8% of list price in February.
This is definitely the best time to sell your home. For you to wring every last penny of its value out of it, though, requires preparing your home for the market.
Get The Price Right To Avoid Losing Money
Keep in mind that if your home isn’t priced correctly, even in a market that is overly kind to sellers, it may sit on the market and become “stale,” until you eventually drop the price. I see it each day. A mis-priced home can suffer on the market for 30 plus days. Don’t let your home be a statistic – help it sell!
You may even need to drop the price several times to drum up interest in the home – but let’s not instill this strategy.
Ensure your listing agent is well-versed on current market conditions and knows how to price your home strategically.
Suggested Repairs
If it drips, fix it. If it’s ripped, torn or broken, replace it. If you think your home has major problems, have it professionally inspected before putting it on the market.
Buyers Notice Small Stuff – Take A Tour Of Your Home, Paying Close Attention To:
- Cracks and holes in the walls
- Peeling or otherwise damaged paint or wallpaper
- Torn or bent window screens
- Broken or cracked window glass
- Leaky faucets
- Caulking
- Running toilet
- Damaged flooring
- Dirty or damaged baseboards
- Broken floor or counter tiles
- Inoperable lamps and other light fixtures
- Broken electrical outlet and switch plates
Large Repairs? The Following Will Net You The Most Money At Closing:
- Garage door replacement. If it’s old and ratting it will ruin the first impression of your home and lower its perceived value.
- Front door replacement (make it a steel door to add maximum value).
- Floor repairs or flooring replacement
- Updated electrical.
- Updated plumbing.
Now, The Fun Part
Once the necessary repairs are out of the way, decide if you want to take some extra steps to make your home irresistible. Consider staging it to increase its value.
Staging a home gives the impression that it’s move-in ready. Why is this important?
More than 63% of homebuyers want and will pay more for your home if it’s in turnkey condition, according to a study performed by marketing research firm Maritz.
A move-in ready home is, first of all, an impeccably clean home. Dirty homes turn buyers off and give the impression that the home isn’t worth much.
Aside from the repairs above, listing your home at the right time is critical if you want to make the most amount of money possible. List soon to take advantage of the current market before you miss out on it.
Making your home attractive to buyers presents the best opportunity, though, to reap even bigger rewards at the close of escrow.
If you’d like a free consultation, with a set of un-emotional eyes, I’d be glad to help you strategize on how to sell your home fast. Sometimes a new set of eyes can help you overcome obstacles, share new viewpoints and guide you in the right direction.d
After all, that’s what I do. Call me anytime if you think I can be helpful to you.
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