June of 2018 represented the first time since 2015 that there was an increase in U.S. housing inventory. This increase is attributed to both elevated home prices, as well as a continuous push of buyer demand for housing. According to data released from the National Association of Realtors, 1.95 million previously owned homes were available for purchase, up 0.5 percent from June of 2017. Now may be the perfect time to capitalize on your home’s increased value and equity by listing your property and take advantage of buyer demand.
Basic Home Selling Tips and Advice
Choose the right listing agent- Speak with friends, family, neighbors or other industry professionals and have them recommend possible real estate agents. Interview multiple agents, ask questions, and pick the one that is the best fit for you. Some deciding factors should be an agent’s experience, knowledge of the area, responsiveness, and how he or she plans on marketing the property.
Repairs, updates, and presentation- Simple fixes can go a long way. Fresh paint, minor renovations and repairs to doors, floors, cabinets, etc. can reap rewards. Curb appeal is key, as this is the first impression. Maintain the lawn, keep the flower beds clean, and present your home to the best of its ability.
Price and market your home correctly: Focus on homes that have sold in your area as your leading indicator. Every house is different, but comparable properties sold tends to be the leading indicator for home value. Market your house to gain the most exposure. Take quality pictures and advertise on all listing sites, have an online presence through social media outlets, hold open houses, and always keep your house presentable for home tours.
Get pre-approved: This is the most important tip. Reach out to your Advisors Mortgage Group professional for any of your home buying and mortgage questions and have them pre-approve you for your next purchase.
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By: Jon Iacono