Listing your home for sale is a major decision. This could mean an end to a chapter in your life while you embark on a new adventure. Letting go of your first home can be emotional even if you don’t consider the market complexities. But you need to have a plan in place, so you can stay organized and avoid feeling overwhelmed. An Agence IMM real estate agent can help you understand what to expect when you sell your home in today’s market.
The Real Estate Market Moves Quickly
The first step to take when selling your house is to understand today’s market. But this can be hard to describe. Although you can review real estate statistics online, they might be up-to-date when you see them. The real estate market tends to move fast, particularly when buyer demands begin to heat up. Plus, conditions can vary by city and neighborhoud. Keeping up can be challenging. Depending on when you sell, you could be in any a balanced market, seller’s market, or a buyer’s market. Your agent can help you determine if selling at a certain period gives you an advantage over others.
What if the Market is in Your Favour?
Selling a house in a buyer’s market gives some benefits. With current home shortages and rising demand, conditions may favour sellers in the future. What can you expect when you sell in a hot market?
You list your home for sale and a lot of buyers show interest nearly right away. From this point, the demand tends to snowball. When your listing generates more interest, you get more offers. Your home sells fast for more than the asking price.
However, you should enter the market as a homebuyer. It can be hard to purchase a house in a busy market, but the positives result from the sale gives you a competitive advantage. From here, your agent can help you disclose listings that are not easy to find and negotiate the right terms on your behalf. In a competitive market where prices tend to increase fast, your agent may recommend getting a new house before your current house sells. In this case, you get more equity as you carry two homes.
Preparing for a Successful Sale
No matter the market, you can take steps to achieve the best results. First, you may want to thoroughly declutter your home to eliminate distractions for buyers. Additionally, some minor updates may pay off when the transaction closes. These include giving your home fresh paint, installing a new kitchen backsplash, or having the carpets cleaned by professionals.