What Sellers Need to Know about the Market
If you’re considering selling your home, you may be aware of the current slowdown in the property market. The peak frenzy the market saw over the previous two years has somewhat subsided, but it is still a sellers’ market. The good news is that you haven’t missed your chance to sell your home and move on because there are still eager buyers out there. However, you must set the proper price for your home in the current market.
It is true that buyer demand has decreased over the past few months as rising mortgage rates have increased the cost of home ownership.
But don’t forget – that’s compared to the severely overheated market we saw over the past two years.
Even though the pace is slower than it was even a month ago, serious buyers are nonetheless actively searching for homes and are purchasing well-priced ones. In fact, according to the Confidence Index, the typical home sells in just 14 days.
If you’ve been considering selling your home this year, you likely already understand how crucial timing may be to lock in a decent price and take advantage of the advantages of selling a property in the current real estate market.
If you want to sell your home, make sure you and your agent determine the right price for it in the current property market. It’s critical to recognize that the current market is different from the one from the previous year as buyer demand drops. Even today’s market is not what it was a few months ago. Still, it is a sellers’ market.
You’ll want to be sure you’re taking the right steps for selling your California house quickly, for a great price, and without any needless hassles if you’ve chosen to take advantage of the current seller’s market and utilize the competitive location of your home.
Sellers are advised to invest in the area they want to sell first, cleaning thoroughly, decluttering, depersonalizing decor for viewings, and possibly staging the house to make the best impression. This is in addition to researching the current local market and understanding trends from the inside out.
In order to sell your property more quickly and attract more buyers, you might also want to invest in modest repairs.
However, given the high demand for homes in California, sellers may profit most by selling the house as-is, spending the least amount of money on improving the property’s appearance and marketability while still receiving competitive offers and quick closings.
Contact me today for help if you’re prepared to sell your home. In some circumstances, you’ll need to modify your expectations in order to accommodate the current state of the market.
The housing market is still a sellers’ market even though it has subsided from its high fervor. As you prepare to enter the market, let’s connect so you know what’s happening with buyer demand and house prices in our neighborhood.
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