If you’ve found your house sitting on the market without much interest, you’re not alone. According to the National Association of Realtors (NAR), the average time a house spends on the market has increased in recent years. A recent Realtor.com post notes homes stayed on the market eight days longer compared to the previous year, and with more options available, buyers are taking their time. But here's the good news: You can still sell quickly, even in a shifting market. The key? Working with the right agent and using the right strategy.
Here are a few tips to help you sell your home faster:
1. Competitive Pricing: Setting the right price is crucial for a quick sale. A local agent can perform a competitive market analysis to ensure your home is priced accurately, avoiding the pitfall of overpricing. Overpriced homes tend to stay on the market longer, even after price cuts, because buyers may think there’s something wrong with them.
2. The Home’s Condition: Homes in good condition, with great curb appeal and modern finishes, sell faster. An agent can guide you on staging, necessary repairs, and improvements that’ll help your home make a great first impression. Addressing potential inspection issues like plumbing, roof damage, or HVAC problems in advance can also speed up the process.
3. Incentives and Extras: Offering incentives, such as help with closing costs, a home warranty, or including appliances or furniture, can make your property stand out in a crowded market. An agent will suggest what works best based on market conditions and buyer preferences.
Selling your home quickly in a shifting market requires a well-thought-out strategy. Partnering with an experienced local real estate agent will help you navigate the market and position your home to sell faster.
Comments