- As a seller, you have to consider which home renovations are worth spending the additional time and money on before you list.
- The local market is starting to shift towards buyers, so now is the time to sell your home before prices flatten out.
- Lean on our expertise to determine which projects will increase your return on investment—we have the seller resources you need to enhance your home sale.
Does Your Home’s Right Buyer Want a Move-in Ready Home?
Many sellers are wondering whether they should sell their homes as-is (without any improvements) or delay listing their properties to complete some renovations. With the upcoming market shift, it’s important for sellers to consider which improvements are worth spending additional time on before listing. And while there is no surefire answer, we always recommend relying on your listing agent’s expertise to navigate the home-selling process.
Your listing agent should have insight into the right buyers for your particular home, so consult with them to ensure your property is catering to its target market. According to Rocket Mortgage, the average price of a move-in ready property is $250,495, compared to the discounted $199,819 price tag of the average fixer-upper. So if you’re a homeowner wondering if renovations will attract more buyers, the answer is that it really depends on how much time and effort you want to put in. And while we can’t predict what every buyer’s preference will be, we do have some strategies to determine if certain projects are worth the selling delay.
- Today’s real estate market is heavily skewed towards sellers, making now the perfect time to list your home.
- Many would-be sellers have questions about moving when the market is this hot—and we have the answers you need to get started.
- If you’re considering selling your home soon, it’s crucial to work with a top local agent. Give us a call to see what we bring to the table!
The Top 5 Questions Every Seller Asks in Today’s Market
Whether you’re eager to list or are just thinking about selling, you’ve probably heard that the 2021 real estate market is one for the record books. Since last year’s swift economic recovery, home values just keep getting higher, and it’s not uncommon for listings to sell over asking price in just a few days. And according to the National Association of Realtors, the typical home is now selling for 14.1% more than last year.
Have a few reservations about listing your home right now? Here are the answers to some of the most common questions we hear from our sellers. Continue reading
To say that 2020 has been a bit of a whirlwind would be an understatement. And as we get closer to the end of the year, many buyers and sellers are wondering if it makes financial sense to enter the market. Although the warmer months are typically considered the best time to move, buyer demand continues to surge into fall, while the available supply of homes just keeps dwindling. This has caused home prices to skyrocket to one of their highest points ever.
Need some advice before breaking into today’s competitive housing market? We have a few details to consider before making any big decisions.
Buying or Selling Soon? Here’s How Rising Home Prices Will Affect Your Move
Real estate has always been about supply and demand. For example, during the housing market crash of 2008, home prices plummeted partially because of low buyer interest. Today, though, we’re seeing the opposite—prices are increasing due to waning supply and rock-bottom mortgage interest rates.
Your personal home-buying schedule doesn’t have to correspond with the real estate market! In fact, buying during the “off season” can yield tremendous advantages.
The “off season” differs depending on your specific location, but always refers to the period of time during a calendar year when both inventory and competition are low. Usually, this corresponds with the weather conditions in a particular area.
If you’re going to buy a home, you may just want to begin looking for your dream home during this period of market inactivity. Here’s why:
There’s Less Competition
During the off season there are typically far fewer active buyers looking for homes, as most buyers prefer to look for homes when the weather is great or their kids are out on summer vacation. If you’re searching during the off season, you won’t feel as much pressure from other buyers looking at the same homes as you.
This gives you plenty of time to tour homes, think about them, and come to a decision about whether or not you want to put an offer down.
Frankly, it’s hard not to feel encouraged and optimistic about the real estate market these days.
Everywhere you look, positive real estate trends are popping up, further emphasizing that the worst days of the economic recession are in the rear view mirror now.
And here’s another recent nugget of good news: Home prices all across the country increased 11.1 percent in March 2014 when compared to the same time last year. And that’s including distressed sales.
More Relevant Data for US Home Sellers
According to the latest published data, the 11 percent home price increase in March represents 25 months of consecutive year-over-year increases in national home prices.
That’s incredible. That means that the housing market has been in the process of recovering for more than two years.