Selling your Home in A Hot Market – The Dallas housing market is doing great after recovering from the blows of the pandemic since July of the pandemic year. Demand for single-family homes has risen and supply has lagged since the second half of 2020. For the seventh consecutive year, the number of Texas house sales and the median price reached all-time highs, according to the Texas REALTORS® 2021 Texas Real Estate Year in Review report. Selling your Home in A Hot Market
Housing demand reached an all-time high, and we witnessed numerous multiple-offer situations, including homes that drew dozens of offers and sold for significantly more than the asking price. In 2021, the number of residences sold statewide climbed by 6.2 percent to 416,853 units. Housing inventory fell to 1.2 months at the end of the year, down 0.4 months from the end of 2020.
According to the Texas Real Estate Research Center, a market that is balanced in terms of supply and demand has an inventory of between 6.0 and 6.5 months. The median home price reached $300,000, up 15.7% from the prior year. The median price per square foot of $150 represented an increase of 16.9% from 2020 and a 35.6% jump since 2017. Homes spent an average of 34 days on the market, 21 days less than 2020.
Tips for selling your home:
Selling your Home Secret #10: Make sure the price is right
Find out what your home is worth, and stick to the price, its a hot market. You’ll be stampeded by buyers with multiple bids – even in the worst markets – and they’ll bid up the price over what it’s worth. It takes real courage and most sellers just don’t want to risk it, but it’s the single best strategy to sell a home in today’s market. There are many that want an immediate sale of their home and such people may be interested in services from the likes of The Buy Guys who are able to buy houses for cash, quickly and painlessly. Also make sure you’re advertising correctly. Put up a “For Sale” sign and make sure everyone knows your house is up for sale. If you are seeking a pre-sale advice such as knowing the estimated Neighborhood Values for your property, look for an expert valuer. Selling your Home in A Hot Market
Selling your Home Secret #9: Half-empty closets
Storage is something every buyer is looking for and can never have enough of. Take half the stuff out of your closets then neatly organize what’s left in there. Buyers will snoop, so be sure to keep all your closets and cabinets clean and tidy. https://7c6.e4b.myftpupload.com/organization/
Selling your Home Secret #8: Light it up
Maximize the light in your home. After location, good light is the one thing that every buyer cites that they want in a home. Take down the drapes, clean the windows, change the lampshades, increase the wattage of your light bulbs and cut the bushes outside to let in sunshine. Do what you have to do make your house bright and cheery – it will make it more sellable.
Selling your Home Secret #7: Play the agent field
A secret sale killer is hiring the wrong realtor. Another alternative you could think of instead of hiring a realtor is real estate circle prospecting. A lot of us are skeptical about hiring a real estate agent for many reasons, however a real estate agent may use circle prospecting to contact potential buyers before they locate a real estate agent. If you’re thinking of hiring a realtor, make sure you have a realtor who is totally informed and has got many years of experience behind them. You want to use someone like these Lynchburg realtors who are going to do everything in their power to ensure a smooth sale. They must constantly monitor the multiple listing service (MLS), know what properties are going on the market, and know the comps in your neighborhood. Find a realtor who embraces technology – a tech-savvy one that has many tools to get your house sold, and making sure they have a good reputation is something that you should also consider. That’s why a realtor like Eric D Schmitt could be the perfect person to help you sell your home.
Selling your Home Secret #6: Conceal the critters
You might think a cuddly dog would warm the hearts of potential buyers, but you’d be wrong. Not everybody is a dog- or cat-lover. Buyers don’t want to walk in your home and see a bowl full of dog food, smell the kitty litter box or have tufts of pet hair stuck to their clothes. It will give buyers the impression that your house is not clean. If you’re planning an open house, send the critters to a pet hotel for the day. Selling your Home in A Hot Market
Selling your Home Secret #5: Don’t over-upgrade
Quick fixes before selling always pay off. Mammoth makeovers, not so much. You probably won’t get your money back if you do a huge improvement project before you put your house on the market. Instead, do updates that will pay off and get you top dollar. Get a new fresh coat of paint on the walls. Clean the curtains or go buy some inexpensive new ones. Replace door handles, cabinet hardware, make sure closet doors are on track, fix leaky faucets and clean the grout. Tips for Selling your home
Selling your Home Secret #4: Take the home out of your house
One of the most important things to do when selling your house is to de-personalize it. The more personal stuff in your house, the less potential buyers can imagine themselves living there. Get rid of a third of your stuff – put it in storage. This includes family photos, memorabilia collections and personal keepsakes. Consider hiring a home stager to maximize the full potential of your home. Staging simply means arranging your furniture to best showcase the floor plan and maximize the use of space. if you need a furniture set to make your home look stylish, see the website of one of the best sellers at the link.
Selling your Home Secret #3: The kitchen comes first
You’re not actually selling your house, you’re selling your kitchen – that’s how important it is. The benefits of remodeling your kitchen are endless, and the best part of it is that you’ll probably get 85% of your money back. It may be a few thousand dollars to replace countertops where a buyer may knock $10,000 off the asking price if your kitchen looks dated. The fastest, most inexpensive kitchen updates include painting and new cabinet hardware. Use a neutral-color paint so you can present buyers with a blank canvas where they can start envisioning their own style. If you have a little money to spend, buy one fancy stainless steel appliance. Why one? Because when people see one high-end appliance they think all the rest are expensive too and it updates the kitchen.
Selling your Home Secret #2: Always be ready to show
Your house needs to be “show-ready” at all times – you never know when your buyer is going to walk through the door. You have to be available whenever they want to come see the place and it has to be in tip-top shape. Don’t leave dishes in the sink, keep the dishwasher cleaned out, the bathrooms sparkling and make sure there are no dust bunnies in the corners. It’s a little inconvenient, but it will get your house sold.
Selling your Home Secret #1: The first impression is the only impression
No matter how good the interior of your home looks, buyers have already judged your home before they walk through the door. You never have a second chance to make a first impression. It’s important to make people feel warm, welcome and safe as they approach the house. Wash the exterior by hiring a residential power washing company. Spruce up your home’s exterior with inexpensive shrubs and brightly colored flowers. You can typically get a 100-percent return on the money you put into your home’s curb appeal. Entryways are also important. You use it as a utility space for your coat and keys. But, when you’re selling, make it welcoming by putting in a small bench, a vase of fresh-cut flowers or even some cookies.