Homeowners' Top Reasons to Sell. Better be Competitive!





Why would I trade a 3% for a 7%?

Many homeowners are reluctant to sell their home today. Here we are on the sidelines, once again! In the past couple years, the primary hesitation was to avoid the drama of the buy side in a highly competitive market. Now, with the drama removed, homeowners don’t want to lose the historically low mortgage rate they have on their current property.

However, there may be other non-financial factors to consider when it comes to making a move. In other words, your mortgage rate is important, but you may have other things going on in your life that make a move essential, regardless of where rates are today.

National Association of Realtors (NAR), reports: “Home sellers have historically moved when something in their lives changed – a new baby, a marriage, a divorce or a new job...”

A survey by Realtor.com asked recent home sellers why they decided to sell. The visual below breaks down those homeowners' responses. An appetite for different features or the fact that their current home could no longer meet their needs topped the list. Additionally, remote work and whether or not they need a home office or are tied to a specific physical office location also factored in, as did the desire to live close to their loved ones.




On Path to Sell, Be Competitive!

If you find yourself looking to sell your home today, it’s time to step up and be competitive.

The housing market this fall is not at all similar to what it was just a few months ago. That may leave you wondering what you need to do differently as a result. The answer is simple. Taking the time upfront to prep your house appropriately and create a solid plan can help bring in the greatest return on your investment. Making sure your home is in pristine condition, including repairs or renovations, is important for attracting buyers and receiving an offer quickly.

Here are a few simple tips to make sure you maximize the sale of your house this fall. (From Keeping Current Matters)



Price It Right

  • One of the first things buyers will notice is the price of your house. That’s because the price sends a message to home shoppers. Pricing your house too high to begin with could put you at a disadvantage by discouraging buyers from making an offer. On the flip side, pricing your house too low may make buyers worry there’s some underlying issue or something wrong with the home.
  • But how do you know that perfect number? Pricing your house isn’t a guessing game. It takes skill and expertise. Work with a trusted real estate professional to determine the current market value for your home.

Keep It Clean

  • It may sound simple but keeping your house clean is another key to making sure it gets the attention it deserves. As realtor.com says in the Home Selling Checklist:




  • It’s important to keep everything tidy for buyers, and you never know when a buyer is going to want to schedule a last-minute tour. Before each buyer visits, assess your space and determine what needs your attention. Wash the dishes, make the beds, and put away any clutter. Doing these simple things can reduce potential distractions for buyers.

Help Buyers Feel at Home

  • Finally, it’s important for buyers to see all the possible ways they can make your house their next home. They need to imagine and see themselves in the home. Make it a blank canvas. A recent article from the NAR explains: “Staging is the art of preparing a home to appeal to the greatest number of potential buyers in your market. The right arrangements can move you into a higher price-point and help buyers fall in love the moment they walk through the door.”



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