When I talk to people wanting to sell their house, one of the MOST common requests I get is, “Will you walk through our house and tell us what we need to do to get our house ready to sell?” Any good Real Estate agent is happy to do this. After years of doing this, I’ve learned that there are 3 things that are relevant for every seller. Regardless of area, price, or time of year. The funny part is most sellers know them but underestimate their importance and ROI.
Like it or not it’s a seller’s market again, in many areas and price ranges. This means if you’re a buyer and want to purchase a house you’re playing by new rules. Those rules are dictated by the sellers. So, what are some things you can do to increase your chances in a bidding war? I’ve listed a few tips below you might find helpful.
Smart home buyers always look at the nuts and bolts – home value, neighborhood, projected value as an investment, whether rooms are appropriate to needs, and other things like that. But home buyers, just like any other consumer, can fall in love with a home. It could be the gingerbread roof, the appealing wraparound porch, even the 1920s-era stained glass transom windows in the front room.
Within the last several year’s home buyers have been blessed with a good real estate market. Interest Rates have been near historical lows and housing inventories have been high. This made for a fantastic “buyer’s” market.
Well, times are changing. Inventories have decreased drastically and the number of buyers and sales have steady and in some cases increased. This has caused a “Seller’s” market. The rules have changed.