Three Ways to Make The Spring Market Look Different This Year
The spring market in New England real estate begins when the weather is still frigid and there’s not a flower yet peeking from the cold earth. Elsewhere in the country any day after the holiday decorations are put away could be considered the beginning of the spring housing market time. We want to share three points for this year's market. We are seeing less homes on the market (good thing), a competitive mixture of buyers and sellers (medium good) and a lingering high mortgage rate (bad thing) in comparison to recent years.
Prepare Your Home for Success
The sell worthy house has a spotless interior, absent of clutter or personal effects and a light and airy walkability around the furniture. You want people to be able to ‘picture’ their family in the home. Make it easy for them to visualize enjoying the big game in your family room or sitting out on your stunning expansive porch. This may take a few weeks so get motivated by knocking off the todo list.Know Your Home’s Price Range
Don’t be greedy! Sit with your licensed real estate salesperson’s appraisal, look at the comparisons and listen to what he/she has to say about your local market. We are seeing a ‘right-priced’ home have successful first week open houses with multiple offers over asking. Is it like it was during the pandemic? No. Nothing is like the pandemic right now. The housing stock is historically low but steady so your ‘right-priced’ home will come out on top.We Prepared for Any Contingency
We are seeing people leaning on home inspections once again and frankly you should get a home evaluation beforehand to evaluate any pitfalls that might come up. An informed seller, working with a seasoned broker will be ready to provide documentation and suggestions to keep a deal moving. Don’t not know. You can quickly close a deal with less confusion and complexities. If you work first to eliminate anything, you’ll have yourself a quick sale.
We hope this has helped you begin to get ready for putting your home on the market. Todd is here to help during the entire process and is glad to meet at your convenience. Reach out today to begin a conversation. Let’s get that home sold!