Spring has sprung in Forest Lake and with it comes the spring selling season and that means more people will be out and about looking for their new home.
It also means that more home owners will be looking to sell their home so they can upgrade to a new home or move sideways to a smaller home. Obviously this means more stock for buyers to choose from. This is the perfect mix and spring has always been a time in Real Estate when things start to happen. Here at Go Gecko we have seen many springs come and go and we absolutely love it when we reach our goal of matching buyers and sellers so everyone moves on or moves in happy as little lambs!
Sounds easy? Yes it does especially when you choose an agent who has this experience to make it so and has been through many seasons and knows the Real Estate marketplace inside and out.
But, did you know that?
While many homeowners have a belief that spring is the best time to sell that’s not always the case. Other factors such as location; being by a beach or in a touristy type resort, being next to showgrounds. All of these factors decide when the best time to sell is for you. Feel free to discuss any of these with your agent.
But putting all of that aside and regardless of the time of year there are some absolute “must do’s”; (Unless you’re selling a “doer upper”)
· Thoroughly clean your property from top to bottom – inside and out
· Trim overgrown gardens; remove weeds and dead growth and refresh garden beds with mulch
· Address any off-putting maintenance issues, such as peeling paint, worn or marked carpets, cracked tiles, dirty grout and loose or rusted gutters
· Furnish the home(stage) in an attractive but not overly cluttered or personal way, to give potential buyers a perspective on room sizes and to present the home in its best light
· Pay for professional photographs and good marketing
The average time it is taking to sell a home in your market indicates the market climate. It is very important a seller understands which market they are in and the average time it is taking to sell a property within that market. Call me to find out about the current market in your location.
There are three “types of market climates”:
A seller’s market
There are lots of buyers and very few homes for sale. High demand for property is in the seller’s favour as properties spend less time on the market and sale prices rise due to scarcity.
A buyer’s market
Often there are literally hundreds of homes for sale and very few buyers. High demand for buyers is in the buyer’s favour as properties stay on the market much longer and sale prices reduce to compete for buyers.
A balanced market
Numbers of buyers and properties for sale are about equal. Neither buyer nor seller has an advantage as properties are not languishing on the market or being snaffled up.
If you have decided now is the time to make a move, one of the most crucial aspects of selling is determining a fair market value for your property.
How do you go about doing this?
If you choose to market your home with Go Gecko, we will provide you with a comparative market analysis (CMA).
This will help advise you of the market value of your property by comparing your home with others that have sold recently and are on the market currently. Using these properties as a guide, you can objectively calculate an accurate market value.
Of course, identical homes are not always readily available, so sometimes you will need to add or subtract the differing features.
If you choose to auction, you will be letting the market determine the value of your property. Marketing with a price limits what a keen buyer may pay. Once a listing price has been established for a property, a ceiling has been placed on what a buyer expects to pay for it. Auction, on the other hand, offers a real opportunity to get more for a property than the seller might expect. You may be very pleasantly surprised by the price your home achieves on auction day, however it is sensible to have in mind a fair price you would be prepared to accept. This is where your CMA will be invaluable.
If you choose to market your property with a price, it is absolutely critical to set this at a fair market rate for the following reasons:
· The hottest buyers inspect first and because of their activity in the market they will be encouraged or discouraged by your price.
· Website activity is at its highest when a property first enters the market. Many buyers have an automatic alert in place to notify them of new listings.
· The right price will attract the right buyers for that particular property rather than buyers in a higher price bracket inspecting the property and expecting more based on its price.
· A fair market price can attract multiple offers, resulting in a faster sale.
· Urgency creates better offers from buyers and often less conditions.
· All listings are prone to market conditions and if your property sits for too long on the market buyers percieve an overpriced property and steer wide of it. As time passes a property in this situation will lose value.
· An overpriced home makes the competition look good – it helps other houses to sell.
If you’re looking to sell your house soon get a free no obligation appraisal by simply clicking the link above and Richard will get right back.
It also means that more home owners will be looking to sell their home so they can upgrade to a new home or move sideways to a smaller home. Obviously this means more stock for buyers to choose from. This is the perfect mix and spring has always been a time in Real Estate when things start to happen. Here at Go Gecko we have seen many springs come and go and we absolutely love it when we reach our goal of matching buyers and sellers so everyone moves on or moves in happy as little lambs!
Sounds easy? Yes it does especially when you choose an agent who has this experience to make it so and has been through many seasons and knows the Real Estate marketplace inside and out.
But, did you know that?
While many homeowners have a belief that spring is the best time to sell that’s not always the case. Other factors such as location; being by a beach or in a touristy type resort, being next to showgrounds. All of these factors decide when the best time to sell is for you. Feel free to discuss any of these with your agent.
But putting all of that aside and regardless of the time of year there are some absolute “must do’s”; (Unless you’re selling a “doer upper”)
· Thoroughly clean your property from top to bottom – inside and out
· Trim overgrown gardens; remove weeds and dead growth and refresh garden beds with mulch
· Address any off-putting maintenance issues, such as peeling paint, worn or marked carpets, cracked tiles, dirty grout and loose or rusted gutters
· Furnish the home(stage) in an attractive but not overly cluttered or personal way, to give potential buyers a perspective on room sizes and to present the home in its best light
· Pay for professional photographs and good marketing
The average time it is taking to sell a home in your market indicates the market climate. It is very important a seller understands which market they are in and the average time it is taking to sell a property within that market. Call me to find out about the current market in your location.
There are three “types of market climates”:
A seller’s market
There are lots of buyers and very few homes for sale. High demand for property is in the seller’s favour as properties spend less time on the market and sale prices rise due to scarcity.
A buyer’s market
Often there are literally hundreds of homes for sale and very few buyers. High demand for buyers is in the buyer’s favour as properties stay on the market much longer and sale prices reduce to compete for buyers.
A balanced market
Numbers of buyers and properties for sale are about equal. Neither buyer nor seller has an advantage as properties are not languishing on the market or being snaffled up.
If you have decided now is the time to make a move, one of the most crucial aspects of selling is determining a fair market value for your property.
How do you go about doing this?
If you choose to market your home with Go Gecko, we will provide you with a comparative market analysis (CMA).
This will help advise you of the market value of your property by comparing your home with others that have sold recently and are on the market currently. Using these properties as a guide, you can objectively calculate an accurate market value.
Of course, identical homes are not always readily available, so sometimes you will need to add or subtract the differing features.
If you choose to auction, you will be letting the market determine the value of your property. Marketing with a price limits what a keen buyer may pay. Once a listing price has been established for a property, a ceiling has been placed on what a buyer expects to pay for it. Auction, on the other hand, offers a real opportunity to get more for a property than the seller might expect. You may be very pleasantly surprised by the price your home achieves on auction day, however it is sensible to have in mind a fair price you would be prepared to accept. This is where your CMA will be invaluable.
If you choose to market your property with a price, it is absolutely critical to set this at a fair market rate for the following reasons:
· The hottest buyers inspect first and because of their activity in the market they will be encouraged or discouraged by your price.
· Website activity is at its highest when a property first enters the market. Many buyers have an automatic alert in place to notify them of new listings.
· The right price will attract the right buyers for that particular property rather than buyers in a higher price bracket inspecting the property and expecting more based on its price.
· A fair market price can attract multiple offers, resulting in a faster sale.
· Urgency creates better offers from buyers and often less conditions.
· All listings are prone to market conditions and if your property sits for too long on the market buyers percieve an overpriced property and steer wide of it. As time passes a property in this situation will lose value.
· An overpriced home makes the competition look good – it helps other houses to sell.
If you’re looking to sell your house soon get a free no obligation appraisal by simply clicking the link above and Richard will get right back.
