Ready to sell your home?
I’ve got some good advice for you – BE AGGRESSIVE!!!
The housing market has been firmly in the seller’s favor over the last several years, but the tides are DEFINITELY turning, and you may have to uplevel your selling strategies to stay competitive.
As interest rates soar, more and more buyers are backing out of their plans to purchase a new home. With demand slowing, the competition amongst sellers is ratcheting up.
Here are some tactics that can put you ahead of other sellers in your area:
- Adjust Your Pricing
Demanding a premium price for your property almost guarantees that your house will be sitting on the market for a while.
Buyer’s want to make their budget stretch as far as they can with these astronomical interest rates, and it might take a price cut to make your house sell quickly.
- Don’t Try to Keep Up with the Jones’s
Your neighbors sold their home for a handsome profit 6 months ago- why can’t you??
Sorry, folks, today’s market is COMPLETELY different than the housing free-for-all we witnessed just a few months ago.
Bidding wars and paying thousands over asking are a thing of the past, and it’s smart to adjust your expectations accordingly.
- Be Patient
A year ago, it was entirely possible to have a contract on your home hours after it hit the market (or even before it was officially listed!). Not so much these days.
Lower demand means that houses are taking longer to sell, so you might have to wait a few weeks to get the right offer.
But don’t be too worried!! This crazy market has many sellers reconsidering listing their homes, and that’s leading to lower inventory. If that trend continues, active sellers can worry a little less about waiting for a contract.
Don’t let an unpredictable market scare you away from selling your home! If you’re ready to move, I’m here to help you get the best price and a hassle-free closing for your home. Give me a shout!
