If you want to sell your house and move this year, you might be feeling a mix of excitement for the future and a bit sentimental about your current home.
A good way to manage your feelings and make sure you feel good about your decision is to remember these three helpful tips when you're ready to sell:
- Set the right price for your home.
In 2023, the housing market changed because mortgage rates went up, and the increase in home prices became more usual. If you're selling a house, it's crucial to understand the right price for it now. Hannah Jones, who studies the economy for Realtor.com, explains why this is important.
“Sellers need to become familiar with their local market and work closely with a local agent to make sure their listing is attractive to buyers. Buyers feeling the pressure of affordability are likely to be pickier, so a well-priced, well-maintained home is the ticket to drumming up big demand.”
If you set the price of your house too high, you might scare away potential buyers. On the other hand, if you set it too low, you might not get as much money as you could. A knowledgeable real estate agent can assist you in figuring out the best price for your house. This way, it can sell fast and for a good amount of money.
- Maintain control over your emotions.
Nowadays, people are living in their homes for a longer time. The National Association of Realtors (NAR) says that, since 1985, the average time someone owns their home has gone up from 6 to 10 years. Check out the graph below for more details:
This is more than what was usual before. But, if you stay in one place for a long time, you might become very connected to it emotionally. If it's the first home you bought or where your loved ones grew up, it's probably extra special to you. Each room holds memories, and it's tough to separate from the sentimental value.
For some people who own homes, it can be hard to decide how much their house is worth without letting emotions get in the way. That's where a real estate expert comes in handy. They can help you figure out the right price for your home and guide you through negotiations. It's important to trust professionals who care about what's best for you.
- Stage Your Home Properly
Even if you really like the way you decorated and personalized your home, not everyone will feel the same way. That's why it's crucial to pay attention to how your home looks at first glance. This way, it can attract as many potential buyers as possible.
People looking to buy a home want to imagine themselves living in it. They want to see their own furniture and personal things, not your photos and decorations. Jessica Lautz, who is the Deputy Chief Economist and Vice President of Research at NAR, mentions this.
“Buyers want to easily envision themselves within a new home and home staging is a way to showcase the property in its best light.”
A real estate expert can assist you in preparing your house for sale with their knowledge and skills.
If you’re considering selling your house, reach out to us to help you navigate the process while prioritizing these must-do’s.
For more info and to schedule a meeting, email us at [email protected]