What To Think About When Selling Your Home In A Seller’s Market – By: Krisanne Butler
- Monday, January 14, 2019
- Posted by Krisanne Butler in selling tips
What is a Seller’s Market?
A Seller’s Market is just as it sounds, a market that favors the seller. Inventory is low and therefore there are often more buyers than homes to buy. As you can imagine selling your home during this time is ideal, however it still requires planning and a strategy. Here are some tips on how you can take advantage of this market and sell your home quickly!
Set The Right Price From The Start.
Even in a Seller’s Market setting the right price for your home is still very important. While you might be able to get more for your home in a Seller’s Market than in a Buyer’s Market, buyers still want to know they are getting a fair price. When choosing the sale price for your home you need to take into consideration several factors including age of your home, location of your home, comparable sales in your neighborhood and renovations made to your home.
De-cluttering is the first step in preparing to sell. Buyers need to walk into your home and be able to see themselves making a life there. Once you have de-cluttered focus on maximizing space in each room. Don’t block windows with heavy curtains or pieces of furniture. Rearrange the furniture to allow an easy flow from room to room. Organize closets and cabinets; full closets and packed shelves make it hard to see how much space there actually is. Clear your countertops and set your table. It’s important to remember that even in a Seller’s Market a good first impression still matters.
Be Prepared To Move Fast.
With potentials buyers waiting on the sidelines you need to be prepared to act fast. Be ready to accept an offer and possibly entertain multiple ones. You also need to be prepared to pack and move quickly as well. Know where you are going next even if it means the potential of a short term rental.
Don’t Get Discouraged.
Even though you are selling your home at a great time, it could still take a little bit of time. While you might sell your home in a matter of days, it’s more likely that it will take weeks. Be patient and make sure you hire a Realtor you can trust.