Have you ever asked yourself if you are ready for a change in your house? I'm going to ask you a couple of questions and if you answered yes to the majority of the questions, it may be time for you to move whether it's due to a larger house area or a more desirable location. Either way, Living in the Alexandria area is quite flexible due to the flexible neighborhood.
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Here are four things sellers should understand about today’s market to make their homes as saleable as possible:
Time and time again, we find that real estate pricing is very local. That means real estate professionals and homeowners need to closely examine comparables. We have to see what nearby properties have sold for in the past three months. We also look at the competition and what's under agreement. The bottom of the market is probably behind us, but it's hard to know how much your home will sell for today until we study trends in your home's "micro-market".
Online marketing works. Therefore it's important to get high-quality property pics online.
Don't wait for a home inspection. Fix what you can and disclose what you can't. Every home has problems, but disclosing quirks and problems builds trusts and makes selling a property go smoothly. When the buyer discovers defects, there are last-minute re-negotiations, cold feet and sometimes the deal explodes.
There is no more cost-effective marketing than cleaning your home. By "clean" we mean clean, clean, super-clean: A clean and clutter-free property makes potential buyers likely to pay more.
Why buy a home?
According to a new realtor.com® survey of more than 1,000 home shoppers, increasing rental costs are pushing more young adults toward homeownership, with 23 percent of buyers between the ages of 18 and 34 reporting rising rents as a trigger for their recent home purchase. “Although record-low inventory and high prices make this housing market unique, some classic features still top most shoppers’ wish lists,” says Danielle Hale, chief economist for realtor.com®. “At the same time, we found some clear differences in priorities. For instance, older buyers are concerned with privacy and being able to age comfortably, while millennials place more emphasis on family needs, stability, and personal expression.”
Julie Nesbitt
Julie Nesbitt knows the back trails and by-ways of Northern Virginia real estate.
Established in 1974 with a mission to reduce homelessness, increase community support and promote self sufficiency, the Good Shepherd Housing and Family Services is operated by a multi-denominational board of directors and staff managing over 70 housing units. Good Shepherd Housing and Family Services is located in the Mount Zephyr Business Center at 8305 Richmond…