Thinking Of Selling Your Home In 2019?
Don’t Overlook these Important Details
Why Sell Now?
You probably already know it’s a seller’s market, but what does that mean exactly and how long will it last? Now is a good time to sell a home because people are still looking to buy and there aren’t enough properties to keep up with demand. This is in your favor if you’re looking to sell your home.
Though home prices fluctuate with the market, there’s no immediate sign this seller’s market is going to swing the other way any time soon. As Frank D. Martell, President and CEO of a leading provider of financial and property data company, Core Logic, told CNBC, “As we head into 2019, we can expect continued strong employment growth and rising incomes which support a re-acceleration in home-price appreciation later this year.” If the idea has been on your mind, maybe it’s time to take action.
Traditionally, spring is the season for home sales, but that doesn’t mean you missed your chance for 2019. Sure, traditionally a home seller can snag a higher price by listing in the spring, but days of the week and your particular market and property type are also factors. Do a little research for your area. Sites such Zillow offer features to sellers that can clue you in on best times to list and you can always ask a local Realtor.
Who’s Buying?
The number of prospective homebuyers fluctuate as does a homes pricing. Trends have shifted recently from higher priced homes to more affordable and back again depending on your market. Certain lifestyle trends are currently affecting the real estate market as well.
If you live in a smaller city, away from the coasts, you could be in luck. These cities, referred to as secondary markets, are seeing steady population growth. This, according to Buildium.com, is due to the overcrowding and high prices in larger markets such as popular coastal cities like San Diego. Less metropolitan places throughout the Midwest and South are becoming more desirable due to their growing economic opportunities and lower cost of living.
A lot of these transplants are millennials, and single women looking to buy a home that's more in their price range. So keep in mind that these very people, usually younger and more cosmopolitan, will likely be your prospective buyers in these markets.
Setting the Stage for a Sale
Just because it’s a seller’s market doesn’t mean you’ll have a bidding war on your hands the second your home is listed. There are some effective strategies that can help guarantee a quick sale at a great price.
One of the ways to increase the appeal of your home is to do what’s known as staging. Just as it sounds, staging means to set up your home in such a way that is welcoming and visually appealing. Yes, making your home look appealing to prospective buyers is extremely important.
Staging can mean anything from rearranging your furniture and cleaning thoroughly to having repairs and painting done. A professional, certified stager will know what’s trending and have an unbiased eye when it comes to how your home looks.
Realtors are sometimes also certified stagers, so make sure to ask. If they aren’t stagers themselves, they should be able to connect you with a trusted one. This service is well worth the relatively small fee because it can mean an increase in your selling price.
Appearance is important in photographs too. Make sure you have clear, appealing and well-lit photos of your home’s best features available. Ask your Realtor for help and suggestions if you feel you’re not up to the task. Making your home look attractive is an absolute necessity, and professionals are there to help you.
So do a little research on market trends and listings in your area. It will be time well spent. Then talk to your Realtor about their game plan and how they can help. Before you know it, you’ll be selling your home.
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