Why is the real estate market so competitive?
The prices for homes in the real estate market are on the rise. This makes it more difficult for buyers to find affordable housing and make it to a property before it is sold. There are so many people trying to sell their homes that it can be hard to stand out. But there are some things you can do to make your home stand out from the rest and get the best possible offer.
So how do I sell my house? In this article, we'll talk about how to sell your home fast, and how you can make your home stand out in a competitive real estate market.
3 Tips On How To Sell Your Home In A Competitive Real Estate Market
1. Compete with the Properties Listed Below Yours Through Pricing
Price is one of the most important factors in determining where you start the bidding on a house in this market. Start too high, you may scare away potential buyers. Price too low, and you may be undervaluing not only your home but your neighborhood. Pricing a home can be challenging, but it doesn't have to be.
To compete with the properties listed below yours, you need to have a pricing strategy. Your Realtor can guide you through this process with their expertise on not only the local real estate market but also their understanding of you, their client. Your agent will work on your behalf to find a price that is best for you, but also a draw for buyers. A professional realtor will make sure that your property is marketed well and reachable by potential clients.
2. Make Your Home Stand Out From the Rest
What is the secret to a fast sale of a property? The first thing that you need to do is to get the house ready for showings. That means making sure that it looks its best and is free from clutter. Pack up things you aren’t using and put them in storage. Paint your walls in a neutral color scheme to make the home appealing to buyers of different tastes. You want them to be able to picture THEIR belongings and family in your home.
In addition, you want to make sure that your house is well-maintained. Patch nail holes and paint the walls look clean and new. Pressure washing the outside of your home and making sure your landscape is tidy will give fresh curb appeal. Look at your house inside and outside as a buyer would, and take care of all of the little things you’ve let go while you lived in the home.
3. Set your home apart from the competition to succeed in a seller's market.
To make your home stand out, you’ll want to stage your home. Once you've cleared out the clutter, set up each room to show off its best features. Make sure there isn't too much furniture in a room, which can leave it feeling stuffy or small. You’ll also want to keep personal items and pictures out of view of the buyers. Finish off with a cozy, polished feel.
You can incorporate some natural elements to set your house apart. Accent your home with candles, wooden pieces, and a couple of houseplants to make the house feel more like home. Pay attention to the smell of your house before you sell. Make sure the air smells fresh and clean, but not perfumey. (Many people are sensitive to heavy fragrances and that could turn them off quickly.)
Selling Your Home in a Competitive Market - Important Tips for Successful Listings and Quick Sales
In a competitive market, sellers need to be proactive in order to maximize the value of their home. There are many things that can be done to ensure that your home will stand out from the rest and make a good impression on potential buyers.
Time spent now getting your house prepared for sale is a really good investment of your time and effort. What you put into your home BEFORE you sell it will set you up to possibly get multiple offers, ensuring you get top dollar for your home.
Are you thinking about selling your home?
Team Lund would love to help you find the best list price for your house!