Seller’s Market What You Need To Do When Listing Your Home
If you are considering selling your home you may just want to take advantage of the current housing market. We refer to this market as a “Seller’s Market”. What this means is that the demand for “Homes For Sale” is greater than the number of homes listed to sell.
Buyers have limited options because of the low inventory of houses for sale. They are eager to see homes as soon as they appear on the market and they move quicker in presenting an offer.
A seller’s market can be the ideal scenario when you list your home. Be prepared by reviewing the following recommendations.
Prepare Your Home To Sell
Clean homes sell better. Surface cleaning is great however, deep cleaning will have more positive results. Consider shampooing any carpets, washing all the windows, and organizing those closets. It is important that you take some time to de-clutter and pack up those personal pictures and items.
Contact An Experienced Real Estate Agent
It is important in a seller’s market to hire an agent that will be available to you at any time. The home selling process moves quickly when inventory is low, so having a responsive agent will be the key to your success. Your agent must have excellent negotiating skills and should be able to provide you with examples of their experience handling multiple offers and bidding wars.
Consider a “Pre-Listing” Home Inspection
Be Realistic with Your Listing Price
Get Ready to Show Your Home
Be Prepared to Negotiate
A seller’s market creates more competition for prospective buyers. As a seller, you may find several buyers interested in purchasing your home. The more buyers, the more offers. This can lead to “bidding wars” and possibly a higher price for your home.
If you are ready and realistic, then a seller’s market is the ideal time to list your home. More available and eager buyers often means your home can sell for more than the original listing price!