A new year always brings about a little uncertainty, especially with the housing market. Interest rates are nudging upward, and potential policy changes may affect the real estate market this year. So, whether you’re a veteran or a rookie in the home selling process, here are a couple of tips on how to sell your home in 2017:
Patience is Key – Don’t panic if your home doesn’t get any hits during its first week on the market. While several markets around the country see lots of action, the national average for a home on the market is around 50 days.
Competitive Price – The hot real estate market coupled with the low inventory across the country may prompt you to price your home at a price higher than it’s worth…do not fall for this! Listen to your agent and set you home listing price at a competitive rate in your market.
Consider the Latest Technology – Technology is constantly improving the way processes are completed. Make sure you are up-to-date with the latest technology. Currently, 3-D virtual reality tours make a home stand out. Also, look into drone technology – it’s gaining popularity! For more information on drone technology in real estate, click here.
In addition to these technologies, make sure you choose a real estate agent who utilizes several communication mediums to market your property to the full extent. In specific, ensure they use social media channels to market your property.
Highlight Listing Photos – Hire a professional photographer to capture the listing photos of your home. The first place a buyer will see your home is on the Internet! Hiring a professional photographer will help ensure that the photos of your listing stand out among the rest.
Tip-Top Shape – Before your home hits the market, consider reducing the clutter and unnecessary items. Realistically, your home should be nearly bare bones – just furniture and light decorative touches. Also, consider deep-cleaning the house – both inside, and out.
Agent Expertise – Your real estate agent is the expert when it comes to preparing your home for the market, determining market price, etc. Listening to your agent may help ensure that your home sells quickly and closer to asking value. They’re there to help you – try to remember that!
Weigh Costs of Improvements – Weigh the cost of renovations carefully with the value once the project is complete. While improvements and repairs may make your home sell faster and for a better value, you don’t want to finish a home renovation and then realize you lost money! So, map out the project first and determine if it’s realistic before you decide to tackle it!
While uncertainty is unavoidable, one thing is for sure: real estate is one of the best ways to build foundational, long-term wealth. If you have any questions about how to sell your home in the greater Austin area market, contact me anytime. I am always here for you. Contact me at 512-699-3425 or Michelle@CTXPG.com.