Thursday, February 23, 2023 / by Brian Armstrong
Much has changed in real estate over the last year, and we are still seeing a rapidly shifting market today! In Vermont, home prices have started to level out after tremendous growth, some homebuyers have exited the market to wait for calmer tides, and more homes are on the market than there have been over the past couple of years. So, what does that mean if you are thinking about selling your home? Prepare for a highly competitive market! In this article, we will dive into several ways to stand out amongst your competitors while avoiding Mistakes so you can come out on top with your home sale!
How Your Home Is Valued Today
The best opportunity for your home to attract buyers is the initial period after the listing goes live! Missing the mark at this stage can heavily impact your overall sale. If you undervalue your home, you will likely sell it quickly, however, you will miss out on maximizing your home's potential value! If you set your price above the market, it will sit on the market longer, which can cost you time and money in the long run. Our agents spend countless hours analyzing local properties, neighborhoods, home conditions, and more to understand what pricing can maximize the value of your home while keeping your sale progressing. When you find the precise sweet spot of your home's actual market value, your listing will produce more prospective buyers, increasing your chance of an effective home sale.
Entering the Market Alone
The real estate market is unpredictable, making decision-making around properties challenging. Will the prices go up or down? How will rates affect me? The best place to find answers to your hard questions is through local experts. Whether it's a local lender, attorney, or real estate agent, these subject matter experts will help you navigate the current housing landscape and help you make the right decisions for success. As REALTORS, we eat, sleep, and breathe real estate daily, so we know what makes buyers tick even as markets shift! Why spend every waking moment learning all the intricacies of selling a home in your local market when you can leverage the knowledge of others who dedicate their career to it?
Availability Can Make or Break You
As consumers, when we see something that fits our needs, we go after it. In the housing industry, home buyers react the same. If they see your property listed for sale and it meets their search criteria, they will want to view it. If potential buyers can't see the property soon after they inquire, there is a very low likelihood they will buy it. In a competitive market like the one we are entering, being available for open houses, showings, and inspections can make or break your sale. When you work with our team, we help manage these in-person activities; that way you don't miss out on a great buyer whose schedule didn't match your own!
Cluttered Spaces Deter Buyers
When you live in your own space, it can be hard to notice all the areas where clutter is building up. On the flip side, when buyers come to see your home, they are there what is behind your belongings, and they do notice the clutter. Depersonalizing your property and removing excess items will give you a leg up on your home sale. Not only will this make your rooms feel larger, but minimizing distractions allows potential buyers to visualize their life in your home! We work with all our sellers to help them identify what types of things are out of place or detracting value from their home, to give them the best shot at success!
Ready to sell your home? Schedule a free consultation to learn more from our team's local real estate experts! Give us a call at 802-735-2167 or send us an email at email@example.com!