A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering moving or selling your house, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one.
Keeping these three best practices in mind is a great way to ease some of those emotions and ensure you feel confident in your decision.
Price Your Home Right
The housing market shifted in 2022 as mortgage rates rose, buyer demand eased, and the number of homes for sale grew. As a seller, you’ll want to recognize things are different now. And price your house appropriately based on where the market is today. Greg McBride, Chief Financial Analyst at Bankrate, explains:
“Price your home realistically. This isn’t the housing market of April or May, so buyer traffic will be substantially slower, but appropriately priced homes are still selling quickly.”
If you price your house too high, you risk deterring buyers. And if you go too low, you’re leaving money on the table. An experienced real estate agent can help determine your ideal asking price.
Keep Your Emotions in Check
Today, homeowners are living in their houses longer. According to the National Association of Realtors (NAR), since 1985, the average time a homeowner has owned their home has increased from 5 to 10 years.
Stage Your Home Properly
While you may love your decor and how you’ve customized your home over the years, not all buyers will feel the same about your design. That’s why it’s important to focus on your home’s first impression, so it appeals to as many buyers as possible. As NAR says:
“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.”
Buyers want to envision themselves in the space so it truly feels like it could be their own. They need to see themselves inside with their furniture and keepsakes – not your pictures and decorations. A real estate professional can help you with tips to get your house ready to sell.
If you’re considering selling your house, let’s connect so you have the help you need to navigate the process while prioritizing these best practices.