eNewletter

Sell Smart or Sell Fast? You Can Do Both!

by Courtney Wehmeier

Earlier in the year, homes were selling at breakneck speeds. Freddie Mac reported that “Nearly two-in-five potential homebuyers would consider purchasing a home requiring renovations.” With that kind of demand, home improvements took a back seat. However, today, the market is finding a new equilibrium – and so are sellers. Buyers have more options and can afford to be more selective. So now more than ever, sellers need to be smart about what renovations they choose to take on before listing their homes. 

Here is the latest data on cost recovery on remodeling projects for both interior and exterior remodeling projects.

Graph provided by the National Association of Realtors
Graph provided by the National Association of Realtors

 

As the market shifts into a new norm, a real estate agent can help navigate the following considerations for your up-coming listing:

  • Weigh the pros and cons of the cost of waiting for repairs to be completed
  • Prioritize renovation projects based on your home’s condition
  • Understanding what buyers are looking for in your area and price range
  • Market your listing with an emphasis on any upgrades that you’ve made

The biggest home selling expense is the money you leave on the table. Save yourself from all the headaches and second guessing when selling your home; consult with a local, qualified real estate agent. If you’re thinking of selling your home in the near future, let’s connect!

Posted in : eNewletter
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