Ask the Expert – Is this a good time to list my home?

Ask the Experts – Is this a good time to list my home? Real estate is very cyclical and studies have shown that the current housing market is well below last year’s inventory level.  Some studies even show that the current market inventory is well below a six month average. This low inventory creates a seller’s market because there are more buyers in the market than sellers. Therefore, I would say Yes – this is a definitely a perfect time to list your home for sale!

When you are ready to list your home make sure your home shows like a model home with curb appeal and price it correctly. You want buyers to be excited about the home!

Pricing your home correctly will generate the most traffic and may produce multiple offers during the first 30 days.  After 30 days, most brokers will usually ask for a price reduction to stimulate interest.  As the seller you do not want your home to sit for long period without a contract.

Now, sellers have the option to present your home to the world under a new status in the multiple listing services titled Coming Soon. Or, wait and present your home to the market with an Open House.

As the seller- start showing the home after you have made needed repairs or staged the home to show. Either method is affective and should draw much needed excitement to the home!

Make sure that all brokers and agents showing your home leaves a business card so your agent can follow-up for feedback on the overall condition of the home and the price.  Ask the sellers what they love most about the home and pass this information on to potential buyers.

In most cases homes are sold during the first showing or within the first thirty days of the home being listed. Very seldom are homes sold at an Open House…

Although, sellers usually insist that their broker/agent have multiple Open House believing that this introduction will generate serious buyers. Usually, it’s the noisy neighbors or others in the community coming by to view the property for ideas, comparison and fix-ups for their property.  In some cases homes are sold prior to an Open House. Buyers are disappointed when they show up at the Open House to see a contract pending sign lready posted on the home.

As a seller doing your due diligence. I highly recommend avoiding Zillow/Trulia estimates or other real estate sites for sales data or other property information related to a sale. These websites are not updated timely and do not receive a direct feed from the Realtor.com MLS system. Therefore, the sales and property data may not been accurate.

As your reputable and experienced broker who understands property values – we will work in your best interest to obtain a reasonable sales price for your home. We are always available – Call office at 301-483-8073 – or email: [email protected] – or use the Offline Chat if you have any questions about selling your home – We can sell luxury homes too!