WHAT IS YOUR HOME WORTH?
Times are changing and you’re thinking about moving the family into a new home in the Austin area, but before you start searching for your next dream home, you’ll need to figure out when you’re going to sell your existing home. The decision is a complex one, especially considering the unpredictable economic environment you’re living in. And while there’s no magic formula for determining the best time to sell a home, there are several factors you should consider.
The slower season for selling
This likely won’t come as a big surprise but the slower season is during the winter holiday season. Schedules fill up during the holidays and most people are in “holiday mode”. The result? Fewer buyers are really itching to buy.
However, in recent years, the has been less of a slowdown during the holidays, and active, serious buyers are still looking during the holidays. Further, many homes that are more festive than the rest of the year are more inviting.
The busy season for selling
Conventional wisdom dictates that spring and summer are the best seasons to sell a home. In spring/summer, the holidays have passed, the new school year is still a while away, and gardens and other outdoor spaces tend to look their best. And while spring/summer is the season that sees the largest amount of buyers, it’s also the season when inventories are highest. This means increased competition, so if you’re going to sell in spring/summer, you really need to get your property to stand out with effective marketing and staging.
What about fall?
The fall is a great time to sell in the Austin area! Many people want to get into their new home for the holidays or they need to buy by the end of the year and the clock is ticking. Whatever the case, inventory tends to be lower and buyers who need to buy are motivated. It can also be a great time to sell in Central Texas since our winters are mild and it’s a great time to get out of a colder part of the country!
4 Questions to Ask Before Selling a Home
Selling your home is a big financial and emotional task, which requires lots of planning. So before you decide to put your home on the market, here are four questions to consider.
What is my home worth?
Several factors go into determining your home’s market value. These include the condition of the property, square footage, location, amenities, as well as recent comparable property sales. For a snapshot of your home’s current value contact us today.
How can I sell at the highest price possible?
There are several simple, low-cost things you can do to boost the value of your home. These include eliminating clutter, washing windows and walls, and installing higher wattage bulbs to create a brighter environment. Larger projects, like adding bedrooms and renovating kitchens and bathrooms, may yield more substantial increases in the sales price but can take the time you may not have. Staging your home, which helps paint a picture of how buyers will use their new space, is one of the most effective ways to add value.
How long will my home be on the market?
The time your home spends on the market depends on several factors, including location, how competitively your home is priced, and how aggressively your home is marketed. Statistics show that if a home is properly priced, an offer should come in within the first 7-10 days of showings. If you want to speed up the sales process, don’t underestimate the value of staging. Research shows that well-staged homes can sell up to 32 percent faster than homes that aren’t staged.
How can an agent help?
We can help with all aspects of the selling process, from pricing to marketing to handling the intricacies of closing. We will negotiate on your behalf to secure the best price – and quickest sale – possible.
Are you looking for an agent who can help guide you through the selling process? Contact us today!