Should Massachusetts Home Sellers Sell Now?
We have beenl in the midst of an incredible seller’s market since mortgage rates tumbled to historic lows during hte pandemic. The demand to buy a home has been sky-high as mortgage rates have hovered near historic lows this past year. However, mortgage rates are rising rapidly and all indications are that this trend will not reverse. Along with rising home prices, we might quickly approach the point where home buyer demand shuts off. At that point, anyone who has not taken advantage of today’s incredible sellers market might have missed the opportunity. That is why if you have considered selling a home, right now might be the perfect time, especially for Massachusetts home sellers. The team at Streamline Realty wants you to be ready to get the most out of today’s market before it turns against your favor.
Massachusetts Home Seller Tips
Real estate markets can turn quickly, which is why it always pays to strike while the iron is hot. While the Massachusetts real estate market has been hot in nearly every market, from Cape Cod to Boston, all of that could change quickly. All of the sudden, home sellers who could sell a house sight unseen, now have to compete for home sellers. Here are some tips for Massachusetts home sellers to get more than your asking price even in a buyers market.
Obtain a Pre-Sale Home Inspection
A pre-sale home inspection is when you hire a professional to look over your home and assess what damages need to be repaired. It is used to gauge the price that you will have to spend to fix your home. It’s important to do this so that when the time comes to sell your home, nothing unexpected happens. The last thing you want is to get close to selling the home, only to find out there’s a broken pipe or an issue with the roof. It may cost money in the short term, but it goes a long way. Pre-sale home inspections speed up the home selling process so that your house is ready to be sold.
Deep Clean Your House
Aside from the price, the second thing people notice about your home is how it looks. The appearance of the home is important to make the sale. It may be true that the buyer can always clean the home, but they would prefer to buy a clean house. It makes your house look more polished and attracts buyers. If your house is not clean, people will be deterred from buying it. Keeping your house clean should always be on the checklist before attempting to sell any home. This is why it is a strong recommendation if you plan to sell your home.
Areas should be free of clutter and floors should be visible. The house should also be dusted and vacuumed to give it a fresh, new feel. The checklist also emphasizes cleaning the bathroom. A bathroom is a place that we expect to be clean, so it needs special attention. We recommend walking through the home before selling to see what needs attention and clean from there. A clean home is a happy home that someone would love to buy.
Get Professional Photos
If the photos of the house are not clear or detailed, people will not want to look at the home. Homes have both an online appeal and an in-person appeal. With good photography, you can bring out the best in a home and make it look extremely desirable. A big phenomenon of 2021 and something that is here to stay is virtual tours. Virtual tours are a series of photoshoots or videos that detail the entirety of a home. With the rise of COVID, these became a great way to allow people to see a home without going to the place. Professional photos will bring more people interested in buying your home.
Make Your Home Inviting
Buyers should be able to step into the house and feel at home. The feeling of belonging in a new home is important to get the sale. An inviting home has the goal of making the home being sold feel like a home. When buyers feel at home, they naturally want to buy the property. Opening your blinds is a great first step to let more light in and bring comfort to your home. You should also make sure every light works to ensure nothing in the house needs fixing. In your walkthrough, you should assess if anything is broken and fix it before you sell. Finally, it is important to give every room a clear purpose. Rooms should not just be a space but serve as a bedroom, bathroom, living room, or something else. That sense of purpose in the rooms will encourage your buyers to make an offer on your home.
Putting Your House On The Market For The Right Price
Pricing your home right is important for making sure people want to buy it. The first thing that a buyer notices about your house is the price. If the price looks too high, people will not want to buy your home. Pricing your house takes market experience and expertise to ensure that you hit the mark and sell your home. If the price of the house is too high, people may not inquire about the house. If the price of the house is too low, it will deter skeptical home buyers and make the house lose value. Finding the perfect price will allow for a faster sale, encourage home buyers to bid, and increase the amount you sell for. Get help from real estate professionals to help you set a price based on comparable homes in your neighborhood.
Today’s home buyers find themselves in bidding wars versus other buyers to try and purchase the homes of their dreams. Competition has been fierce between bidders and home sellers are winning in almost every instance. This is why you should contact an expert. You want to use today’s bidding wars in your favor and have people bidding on your house. At the same time, if the market turns south, you want an expert to get you the most you can while you can.
Final Thoughts
Buying a home means new beginnings and exciting futures. Today’s market is great for sellers, but we never know what tomorrow brings. The market is always changing. If you have thought at all about selling your home, there might never be a better chance than now. Selling your house now allows you to take advantage of your leverage and get the most profit possible. Selling your home is a big deal and we want to make sure you can confidently sell for the right price.
If you have been interested in selling your home, but do not know where to get started, contact us! The team at Streamline Realty knows the real estate market inside and out. We can walk you through the home selling process step-by-step. Together we will let you know how to get the most profit possible out of selling your home. One thing is certain, it’s better to maximize your profit while you can and sell while your house is in high demand. Otherwise, you might be wanting to sell your house at a time when the buyers have all the leverage.
