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Home sellers in 2017 found themselves in an encouraging market. Existing home sales were 0.4% higher than 2016—rounding out the best year since 2006. (1) No one can predict exactly how the housing market will perform, but the National Association of Realtors expects modest growth for existing home sales in 2018. Despite the possibility of rising mortgage rates, home sales in 2018 are forecasted to grow around 3.7%, with the median price increasing 5.5%.(2)
Although those can be good reasons to consider selling your home this year, remember your real estate market is unique—and so is your financial situation. Take our home selling quiz to help you decide if a sale makes financial sense for your family.
Ready to Sell? 3 Ways to Get Started Now
If you decide to take the plunge and put your home on the market, we've got a few things you can do to get a head start on prepping your home to sell.
1. Interview real estate agents.
As we mentioned, a real estate pro is essential to a successful home sale right from the start. Not only will you rely on their expertise to make the decision to sell, but you can also trust their advice on pricing your home, marketing it, and negotiating offers from buyers.
Take your time and interview several agents until you find one with the experience you're looking for and a communication style you're comfortable with. We can put you in touch with several top agents in your area who are committed to providing the best customer service.
2. Schedule a pre-listing home inspection.
Get a head start on other home sellers by getting a home inspection done now—before you list your home.
By getting your home inspection early, your home sale is less likely to be derailed by unseen issues with your home when the buyer conducts their own inspection. You'll have extra time to address any problems your inspection uncovers, or your agent can help you decide if it's better to adjust your asking price instead.
3. Declutter and stage for buyers.
While you're in home-improvement mode, you can also take time to declutter and stage your home so it makes an unforgettable first impression on buyers.
- Begin by cleaning out your closets and packing up photos and knickknacks.
- Put your holiday decorations in storage and make your rooms look more spacious by removing extra furniture and clearing your kitchen countertops.
- Create a tidy, welcoming entry and apply a fresh coat of paint inside to help buyers see your home in its best light.
- Freshen your décor with new throw pillows, decorative towels, bedding and other accessories.
Your real estate agent will have more advice about how you can attract buyers by playing up the specific features of your home while staying within your budget.
If you take these steps now, not only will you avoid the stress of getting your home ready to sell on a tight deadline, but you'll also be way ahead of the competition when prime home-selling season begins.
Ready to get started now? Get in touch with a local trusted real estate agent today!
Not Ready? We Can Help You Get There
If it's not the right time for you to sell, you can still get a road map to home-selling success. Most people don't understand that there are right and wrong ways to go about it. Get prepared for the future with our Home Sellers Guide.
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