3 Tips for Home Sellers

Today’s housing market is full of unprecedented opportunities. High buyer demand paired with record-low housing inventory has created a seller’s market – making it a good time to sell. Here are three things to keep in mind as you consider listing your home for sale:

Objectivity – These days, homeowners are keeping their homes longer. Since 1985, the average length of homeownership has increased from 5 to 10 years. One side effect of staying in a home longer is emotional attachment. Every room is full of memories. It can be hard to place a monetary value on something that carries sentimental value. A local Realtor® can help you gain objectivity and insight through market analysis.

Pricing – When you list your home for sale, setting the right asking price from the start is important. Pricing your home based on current market conditions means it’s more likely to sell quickly. Market value is an opinion on what a property would sell for in a competitive market based on the features and benefits of the property, the overall real estate market, supply and demand, and what similar properties in the same condition have recently sold for in your area. Overpriced homes tend to sit on the market and end up needing a price drop to re-ignite interest. Price drops are red flags for buyers who wonder what it means about the property.

Staging – It’s important to stage your home with the buyer in mind. Buyers need to imagine themselves in the home with their furniture and keepsakes – not your pictures and decorations. Be sure to deep clean, declutter, and stage your home so buyers can visualize their dreams as they walk through each room. Staging can help a home sell faster and generally costs less than a price reduction. With an average investment of 1% of the sale price going into staging, about 75% of sellers saw a return on investment of 5% to 15%, according to the Real Estate Staging Association (RESA).

Today’s seller’s market might be the best time for you to make a move. If you’re considering selling your house, let’s connect so you have the guidance you need. Call Edwenna at Ouachita Real Estate: 870-867-2215 to schedule a home selling consultation.