During the first two years of the COVID19 pandemic , investors and traditional homeowners enjoyed a true seller ’ s market . But as COVID19 slowly faded from the news and global financial challenged persisted , sellers no longer had the same challenges .
The good news is that the majority of homeowners can still get more than they paid for their property , but the bad news is that more planning is required . To that end , here are six things to keep in mind when selling your home , per REALTOR . com .
1 . Set the right selling price from the getgo .
Pricing your property above market value is a recipe for disappointment . Also , don ’ t count on the bidding wars that were everyday occurrences at the height of the pandemic .
2 . Do not try to sell your property “ as is ”.
People just aren ’ t buying homes in need of TLC nowadays . While it may feel unfamiliar and even irritating , repairing your house before it hits the market will heighten your chances of making a quick sale .
3 . Help your buyer as much as possible .
Interest rates are at historic highs , causing lenders to offer their customers less buying power . As a result , concessions such as sellers helping their buyers with closing costs are now a bigger part of the game .
4 . Don ’ t expect any property to sell quickly .
The times of a home only sitting on the market for a few days seem to be gone ; the current national average is 50 days . The good news is that this is still less time than the prepandemic average of 68 days .
5 . Invest time and money into home staging .
An empty house doesn ’ t appeal to buyers the way it once did . In fact , homes that are tidy and staged sell 88 % faster ( and at 20 % higher prices ) than nonstaged properties .
6 . Consider when to sell your home .
During the peak of the pandemic , it was okay to list a home anytime . But nowadays , spring and summer are the best buying seasons .
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