The current housing market is full of unmatched opportunities. Pairing high buyer demand with record-low housing inventory is creating the ultimate sellers’ market, meaning that right now is the perfect time to sell your house. That being said, sellers are not guaranteed success and there is still some important things to know and keep in mind so that you can avoid costly mistakes when you decide to sell up.
- Price Your House Right
When inventory is low it’s common to think buyers will pay whatever the asking price when a property is listed, but this isn’t always the case. Even in a sellers’ market, listing your house for the right price will maximize the number of potential buyers that will view your house. This creates the best environment for bidding wars, which in turn are more likely to increase the final sale price. A real estate professional is the best person to help you set the best price for your house so you can achieve your financial goals.
- Keep Your Emotions in Check
Today, homeowners are living in their houses for a longer period of time than in the years before. Since 1985, the average time a homeowner owned their home has increased from 5 years up to 10 years. The side effect of this extended time in one home is that when you stay in one place for as long, you may get more emotionally attached to the space and it’ll mean something extra special to you. Every room has memories.
For some homeowners, that connection makes it even harder to separate the emotional value of the house from the fair market price. That’s why it’s important to have a real estate professional to help you with the negotiations along the way.
- Stage Your House Properly
Some buyers will be put off by certain décor if it is too personalised, that’s why it’s so important to make sure you stage your house with the buyer in mind.
Buyers want to visualise themselves in the space so it truly feels like it could be their own. They need to see themselves living there with their furniture and keepsakes – not your pictures and decorations. Stage and clean so that potential buyers can envision themselves living in the home as they view each room. A real estate professional can help you with tips to get your home ready to stage and sell.
Today’s sellers’ market might be your best chance to make a move and sell your property. If you’re considering selling your house, reach out to a local real estate professional to help you navigate through the process and prioritise these key elements.