Warmer weather equals a hotter market
With the arrival of spring, warmer weather is just around the corner, but the spring real estate market is hot now! Traditionally the spring market is flush with buyers because the weather is warming up, the holidays are over and people are looking to get outside. For buyers with school-aged children, starting the process now, versus later in the year, will likely mean moving into a new home and settling in before the school year starts in the fall. If you currently own a home in a highly desired school district, this can make your home even more valuable. General market trends show that each spring has inspired another buying cycle with increased competition, potentially leading to bidding wars, quick sales, and sellers achieving their ultimate goals.
Though mortgage interest rates have been increasing over the past couple of years, by the end of February 2019 interest rate increases had stopped and rates were actually on the decline compared to year end 2018. This fact bodes well for both buyers and sellers heading into the spring market as buyers can reduce their monthly cost when compared to higher rates, and sellers get the advantage of presenting their home to all of these motivated buyers. With buyers recognizing the rate dip in February, many people are already very active in their search, which is why now is the time to list your home if your plan is to sell in 2019.
How can you prepare your house to sell?
You’re ready to sell your home in the spring market, but are wondering about the best steps to take in order to prepare your home properly. When keeping in mind the two important goals to sell your home quickly and for top dollar, it is important to make your home as marketable as possible even in a hot spring market. It can seem overwhelming to think of the steps to prepare your home for sale, however time spent properly on the front end will result in improved outcomes on the back end.
Here are a few things you can do to make your home marketable without spending a fortune:
- Begin packing and organizing your belongings (clear the clutter)
It can be hard for buyers to envision themselves living in a house with the seller’s personal belongings cluttering up the home. Clean out the extra stuff and keep the interior clean and tidy.
- Freshen up paint, front door and hardware
Applying a fresh coat of paint to walls can make a world of difference in the appearance of your home. Choose neutral colors in order to appeal to as many potential buyers as possible. It’s also a good idea to spruce up your front door, since that’s the first thing a buyer will see when they walk in.
- Replace dim or burnt out light bulbs and open the blinds during showings
Buyers are looking for homes to be bright and inviting. Make sure that matching lights are the same color temperature and have all lights on prior to each showing.
- Focus on clean bathrooms and kitchens
Bathrooms and kitchens are often the focal point in homes. Doing the little things like caulking showers, sinks., and bathtubs can give these rooms a fresher look. Remove as many things from countertops as possible, so that potential buyers look at the details of the tile work and cabinetry instead of the personal items left out drawing attention away from what is important.
- Spruce up the curb appeal
Impress those buyers as soon as they pull up to the property. Rake leaves, weed the garden, and mow the lawn. If you have space, put out some outdoor furniture and maybe even some colorful plants.
Sell with Confidence
Get your home on the spring market confidently with the team at Patriot Realty on your side. We have the tools and expertise to help prep, stage, and list your home with increased selling success. To get started, either reach out to start a dialogue or download our simple seller checklist.