Tips to Get Your House Ready to Sell
If you are going to be selling your home in the foreseeable future,
these ideal conditions are too good to pass up.
Here’s how you can justify moving now:
1. Spring is Here!
Spring time, moving toward summer is an ideal time to list your home. Homes tend to show better in the height of our beautiful green season here in Sonoma County. Homes that are put on the market in March and April sell around 15% faster and for 2% more than the average listing, according to a recent market trend analysis from Zillow.
2. Low Interest Rates
Sell your home now and move up while the rates are low. If you are like most buyers, you will be financing your next purchase, now is the time to take advantage of the current drop in mortgage rates. It will be beneficial to sell before rates go up. Once mortgage rates increase, buyers will expect lower prices.
3. Rent Increases
Historically, increases in the rental market produce more home buyers. There is no denying that rent has been on the rise in every market across the U.S. “Rents have skyrocketed in the employment centers” according to Real Answers, a Novato-based rent research firm. Sonoma county is seeing higher rents partly because of the number of workers seeking relief from the high cost of living in San Francisco and the Silicon Valley.
4. Low Inventory
There are a copious amount of buyers competing in the current market which means a higher sales price for your home. Consider the list price of your home as an opening bid. Making it a contest where buyers compete for the home is the best way to drive the price up – and in most cases, more effective than pricing at or above comps and hoping you get lucky. An overpriced home, sitting too long on the market will go cold, inviting low ball offers.
5. Sonoma County is Desirable
In the current housing market, Beautiful Sonoma County is relatively less expensive than our neighbors to the south. Families are relocating to the Sonoma County area in high numbers because of the lower cost of living here vs. Marin or the Silicon Valley. This is also creating an influx in the number of people from outside the county buying investment properties, retirement and second homes, as well as homes to list as VRBO’s. Now, more than ever, buyers are shifting their searches north toward Sonoma County due to cost and transportation improvements such as the smart train. Most of these highly motivated buyers from out of the area will start their search online. If your home isn’t listed, it’s out of the running for a possible quick sale at a premium price. Get in touch with Rory McCormick Realty’s team today to get in on the action!
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