The housing market is witnessing unprecedented times with amazing opportunities across the board. With such high buyer demand in combination with the housing inventory shortage, it may be difficult to navigate this strong seller’s market. The market is proving to be extremely beneficial and advantageous for sellers but you must still understand some key principles to ensure your financial success. By avoiding costly mistakes, you will be able to achieve greatness as a seller when you decide to move. Here are some important items to prioritize in the sale of your home!
Price Your Home Correctly:
Although we are in a strong seller’s market, it is necessary to remember that buyers won’t always pay whatever we are asking as a listing price. Even in this market, it is essential to list your house for the correct price to maximize the number of buyers you will have. This will create great competition and provide the best environment for bidding wars. The high buyer demand will then in turn increase the sale price of your home. A Seven Gables Advisor will help you determine the best price for your home to help achieve your financial success.
Keep Your Emotions in Check:
Homeowners are currently living in their houses for a longer period of time. This time frame is several years longer than the historical norm. The average time a homeowner has owned their home has increased from 5 to 10 years since 1985. While living in a home for so long, you get more attached to your space and belongings around you. If this is the home where your children grew up and you raised a family, this property likely has extra special meaning to you. Each room draws strong feelings and memories, so it becomes difficult to detach from the sentimental value. For these reasons, the strong connection makes it even more difficult to separate from the house during the time of the sale. It is necessary to get into contact with a real estate professional to help guide you through the process of detaching your emotions from the home to ensure you receive the fair market price.
Stage Your Home:
It is also important to remember to stage your home with the buyer in mind. Buyers are looking to envision themselves in your space. They aren’t looking to see all of your pictures and keepsakes, they are imagining their future lives with their own furniture. The best available option when selling your home is to stage, clean, and declutter so the buyers can visualize their lifestyle in this home. A real estate professional can give you the best tips to help you stage your home for sale.
In this strong seller’s market, you are in the best position to sell your home but it is still important to remember the key steps during the process. If you are thinking of making a move in the market, connect with a Seven Gables Advisor today. The experts will help provide guidance and support to navigate the process of selling your home!