Last week we talked about how the Real Estate market has officially cooled off nationwide and now it’s almost an “even keel” market where there is more inventory, higher interest rates, and less demand than before.
For today’s post we want to talk about how the cooling Real Estate market affects you, especially if you plan on selling your home now, or sometime in the near future.
You Have to Price Your Home According to Where the Market Is NOW
As a seller, one of the most important things you have to do is price your home for where the Real Estate market is right now instead of where it was back in January of 2018 thinking that you can still get multiple offers for your home.
You may be thinking that your neighbor sold their home for $600,000 back in January so you can list yours at $625,000 to $650,000. The reality is that in August 2018 if you list your home for more than what it’s worth your home could sit on the Real Estate market for longer than you anticipated.
Home Buyers Have More Options Now
There’s no denying that home buyers have more options now compared to the same time in 2017 so we encourage every seller to take the right steps for selling their homes including the following:
- Make sure your home shows well – This is done by decluttering and having your home professionally cleaned.
- Stage your home – Most buyers will be able to properly visualize how they can use the space in a home if it’s been staged compared to a home that’s not been staged or is totally empty.
- Price your home appropriately – If you follow all of the tips in this article and price your home correctly you can count on selling your house regardless of the Real Estate market. Why? The answer is simple, buyers will always buy and sellers will always sell.
Sell Your Home with The Fred Sed Group