One thing that is certain about the seasonal real estate market is that it peaks in the spring. As the grey winter gives way to a lively spring, house hunting season goes into full swing. Call it spring fever, the months of March, April, and May add up to 40% of all house sales for the year according to Freddie Mac. What does this mean for a home seller in the spring? A time to capitalize on the popular sale time and prepare the house to go on the market. Here are 5 tips to make your home move in ready:
When selling a home, either through a Realtor or by yourself, you should plan for visitors coming into your home. That plan should be reviewed with all members of the family. Everyone needs to be aware that you are inviting strangers into your home who may or may not be authentic buyers.
Prior to putting your home on the market it is assumed you will clean the home, and
Listing agents give information about the property they are selling including amenities, neighborhood information, architecture and more. The words they use impact the days a property is on the market.
It takes an average of 41 days on the market before you will receive your first bid, this may variy based on several things. Once you have accept an offer it takes anywhere from 30-45 days to close on the house. If you can answer the 5 questions below the process will be quicker and more enjoyable.
How much do you need to sell your house for in order to break even? Make sure you include any upgrades and interest paid on the mortage. Do you want to just break even or make a profit, if you want to make a profit how much is acceptable?
What is an acceptable time frame, make sure you area clear with your realtor on this timeframe.
Where are you going to move to? Can you afford two mortgages and does it fit into your timeframe?
We all want everything to go smoothly when selling a home, and sometimes they do! But more often than not, they don't. Here's some common hiccups in
the real estate transaction and how an experienced realtor can guide you through them with minimal interruptions to closing the sale.
1. No one comes to view the home.
Marketing is a key part of the plan that should be set up with your listing agent. What is their plan for driving traffic to the home? What is the typical buyer that would be interested in your home and how are they finding out that your home is on the market? A focused marketing plan should communicate to the buyer's agents (that have a buyer looking for a home such as yours) through 'reverse prospecting'- a system available to all realtors in the MLS. Have you discussed with your realtor why YOU liked this home? You are one type of
buyer that would be interested. How do you find someone like you? If all...