You may be surprised. If you or someone you know is considering selling their home, now is as good as it gets. Values are up, the inventory is low, mortgage rates are still hovering around all-time lows, and there are plenty of buyers. The right properties are selling at a rapid pace.
Things to Consider Before Listing
1. Timing is everything.
The market is hot for sellers, making it a great time to list a home. It’s important to strategize about post-sale circumstances. For example, will you need a bridge loan for your next home if you find a place prior to selling? Will you need to rent short term while you’re finding a home? There are many ways to list a house that safeguards you in a market where it may be harder to find a home. Talk to a real estate professional who can help you think through the options.
2. The increasing value of your home.
Most homeowners would be shocked at the current value of their homes. Homes in the southeast Cedar Rapids increased 10% from 2020 to 2021! Increases are similar throughout the corridor. Pricing your home is critical; the best way to do so is to request a Comparable Market Analysis (CMA) from a real estate professional at no cost to you. A CMA takes into consideration the condition of your property, those around it, and the current market.
3. Details matter
In today’s real estate market, the average buyer is looking for a home to which they have to do as little work as possible. Cleanliness, lack of clutter, and staging in a way that shows off a home’s features goes a long way. This can not only make the home more attractive, but can also help secure the best price.
4. Sometimes you can make money by spending money
Most homes simply need to be tidied and staged to get the most value, but there are times a small remodel could yield greater profits. It’s important to consult someone who knows what buyers in your local area are looking for before you spend a lot of cash. I can guide you through this process in order to get the most value for your dollar.
