A new year brings opportunities for new experiences. If this resonates with you because you’re considering moving, it’s probably a mix of excitement for your next home and a sense of connection with your current home.
A great way to ease some of these feelings and help you make more confident decisions is to keep these three best practices in mind.
1. Price Your Home Right
In 2022, the housing market changed as mortgage rates rose, buyer demand waned, and more homes were sold. As a seller, you realize things are different now and want to price your home appropriately based on today’s market conditions.Bankrate Chief His Financial His Analyst Greg McBride explains:
“Price your home realistically. This isn’t the housing market of April or May, so buyer traffic will be substantially slower, but appropriately priced homes are still selling quickly.”
If you price your home too high, you risk deterring buyers. And when you get too deep, you leave money on the table. An experienced real estate agent can help you determine the ideal sale price.
2. Keep Your Emotions in Check
Homeowners are now living longer at houses. According to the National Association of Realtors (NAR), the average length of time homeowners have owned their homes has increased from 5 to 10 years since 1985 (see graph below).
This is several years longer than the old norm. However, a side effect of staying in the same place for long periods of time is that you may become even more emotionally attached to your space. If , it could mean something very special to you. Every room holds a memory and cannot be separated from its sentimental value.
For some homeowners, this makes it even harder to negotiate and separate the emotional value of a home from its fair market value. That’s why you need a real estate professional to help you negotiate along the way.
3. Stage Your Home Properly
Even if you love your decor and the way you’ve customized your home over the years, not all buyers will have the same opinion about your design. Focusing on impressions and appealing to as many buyers as possible is very important. As NAR says:
“Staging is the art of preparing a home to appeal to the greatest number of potential buyers in your market. The right arrangements can move you into a higher price-point and help buyers fall in love the moment they walk through the door.”
Buyers want to introduce themselves in a space, so it feels like their own space.You should see yourself with furniture and memorabilia, not photos and decorations. A real estate expert offers tips on how to put your home up for sale.
Bottom Line
If you’re considering selling your home, contact us to get the help you need to navigate the process while prioritizing these best practices. find out why Kaya Homes is the leader in Long Island Real Estate and are your go-to realtor in the Lynbrook, Oceanside, Malverne, Hewlett, Valley Stream, East Rockaway, Woodmere, Cedarhurst, Baldwin, North Woodmere, Woodsburgh, Hewlett Neck Hewlett Harbor, Bellmore,Wantagh,Merrick and Freeport area.
Fri, 13 Jan 2023 22:29:52 +0000
