There is one thing certain about the real estate market; it is always uncertain. With interest rates climbing upward, and potential policy changes, it is uncertain what 2017 may hold for the housing market. So, whether you’re an expert or a newbie in the home selling process, here are seven tips on how to sell your home in 2017:
Practice Patience – Try not to panic if your home doesn’t get any offers in its first week on the market. While several markets around the country are ultra-competitive, with homes flying off the market, the national average for a home on the market is around 50 days.
Price Your Home Competitively – A hot real estate market coupled with low inventory across the country may prompt you to price your home at a price higher than it’s worth…try not to do this! Listen to your agent and set your listing price at a competitive rate for your market.
Technology Tycoon – Technology is always changing – that’s no secret. However, it’s smart to make sure you are keeping up with the innovation. Currently, 3-D virtual reality tours are a must to make your home stand out. Also, consider drone technology – it’s gaining popularity in the real estate industry! Could it be for you? Take a look here.
In addition to these technologies, make sure to choose a real estate agent who uses “every tool in the toolbox” to market your property. In specific, ensure they use social media channels to market your property to the masses.
Take Fantastic Listing Photos – Hire a professional photographer to capture your home. The first place a buyer will see your home is on the Internet. To ensure a good first impression, hire a professional photographer to make your home’s photos stand out from the rest.
Make Your Home Shine – Before your home hits the market, consider reducing the clutter and unnecessary items. Realistically, your home should be nearly bare bones – just furniture and light decorative touches. Also, consider deep-cleaning the house – both inside, and out.
Listen to Your Agent – Your real estate agent is the expert when it comes to preparing your home for the market, determining market price, etc. Listening to your agent may help ensure that your home sells quickly and closer to asking value. They’re there to help you – try to remember that!
Weigh Costs of Improvements – Renovations, while costly, can be worth it! However, be sure to weigh the cost of improvements carefully with the value once the project is complete. You don’t want to finish a home renovation and realize you lost money!
While uncertainty is inevitable, one thing is for sure: real estate is one of the best ways to build foundational, long-term wealth. If you have any questions about how to sell your home in the Georgetown area market, contact us anytime. We are always here for you. Contact us at (512) 504-7400 or teamexcellence@thepowerof4.com.
Resources:
http://realtytimes.com/consumeradvice/sellersadvice1/item/49679-20170105-how-to-sell-your-home-in-2017
https://www.trulia.com/blog/infographic-2017-home-selling-tips/
http://www.zillow.com/agent-resources/trends-and-data/tips-and-advice/drones-real-estate-photography/